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U . S . D E P A R T M E N T O F T H E T R E A S U R Y | B U R E A U O F T H E F I S C A L S E R V I C E

Monthly Treasury Statement Receipts and Outlays of the United States Government For Fiscal Year 2020 Through March 31, 2020, and Other Periods

Contents

Summary.................................................................................................................................................................... Page 5

Receipts...................................................................................................................................................................... Page 10

Outlays........................................................................................................................................................................ Page 11

Means of Financing.................................................................................................................................................... Page 25

Receipts/Outlays by Month......................................................................................................................................... 5

Federal Trust Funds/ Securities.................................................................................................................................. Page 37

Receipts by Source/Outlays by Function.................................................................................................................... Page 38

Explanatory Notes....................................................................................................................................................... Page 39

Introduction

The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS) is prepared by the Bureau of the Fiscal Service, Department of the Treasury and, after approval by the Fiscal Assistant Secretary of the Treasury, is normally released on the 8th workday of the month following the reporting month. The publication is based on data provided by Federal entities, disbursing officers, and Federal Reserve banks.

AUDIENCE The MTS is published to meet the needs of those responsible for or interested in the cash position of the Treasury, those who are responsible or interested in the Government's budget results; and individuals and businesses whose operations depend upon or are related to the Government's financial operations.

DISCLOSURE STATEMENT This statement summarizes the financial activities of the Federal Government and off-budget Federal entities conducted in accordance with the Budget of the U.S. Government, i.e., receipts and outlays of funds, the surplus or deficit, and the means of financing the deficit or disposing of the surplus. Information is presented on a modified cash basis; receipts are accounted for on the basis of collections; refunds of receipts are treated as deductions from gross receipts; revolving and management fund receipts, reimbursements and refunds of monies previously expended are treated as deductions from gross outlays; and interest on the public debt (public issues) is recognized on the accrual basis. Major information sources include accounting data reported by Federal entities, disbursing officers, and Federal Reserve banks.

TRIAD OF PUBLICATIONS The MTS is part of a triad of Treasury financial reports. The Daily Treasury Statement is published each working day of the Federal Government. It provides data on the cash and debt operations of the Treasury based upon reporting of the Treasury account balances by Federal Reserve banks. The MTS is a report of Government receipts and outlays, based on agency reporting. The Combined Statement of Receipts, Outlays, and Balances of the United States Government is the official publication of the detailed receipts and outlays of the Government. It is published annually in accordance with legislative mandates given to the Secretary of the Treasury.

DATA SOURCES AND INFORMATION The Explanatory Notes section of this publication provides information concerning the flow of data into the MTS and sources of information relevant to the MTS.

3

HighlightOutlays for Military active duty and retirement, veterans benefits, Supplemental

Security Income, and Medicare payments to health maintenance organizations and prescription drug plans accelerated into February, because March 1, 2020, the

normal payment date, fell on a non-business day.

blee

Rectangle

4

Total Receipts$238 Billion

Total Outlays$356 Billion

Receipts by Source: Outlays by Function:

Figure 1. Receipts, Outlays, and Surplus/Deficit for March 2020

Figure 2. Cumulative Receipts, Outlays, and Surplus/Deficit through Fiscal Year 2020

Total Receipts$1,604 Billion

Total Outlays$2,347 Billion

Receipts by Source: Outlays by Function:

Deficit$744 Billion

Source data: Table 9

Social Insurance & Retirement $108 Billion

Individual Income Taxes $98 Billion

Miscellaneous $8 Billion

Excise Taxes $6 Billion

Corporation Income Taxes $10 Billion

$5 Billion

$1 Billion

Customs Duties

Estate and Gift Taxes

Deficit$119 Billion

$62 Billion

Social Security

National Defense

$91 Billion

Health $50 Billion

Income Security$47 Billion

Net Interest$38 Billion

$7 Billion

$18 Billion

Education

Veterans' Benefits & Services

Other

Medicare$25 Billion $10 Billion

International Affairs $8 Billion

Social Insurance & Retirement $618 Billion

Individual Income Taxes $769 Billion

Miscellaneous $42 Billion

Excise Taxes $40 Billion

Corporation Income Taxes $84 Billion

$40 Billion

$10 Billion

Customs Duties

Estate and Gift Taxes

$539 Billion Social Security

$366 Billion National Defense

Health

$330 Billion Medicare

$300 Billion

$47 Billion

$106 Billion

Education

Transportation

Other

$60 Billion

$294 Billion Income Security

$199 Billion Net Interest

$105 Billion Veterans' Benefits & Services

5

Period Receipts Outlays Deficit/Surplus (-)

Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 2019 and 2020, by Month[$ millions]

FY 2019 October 252,692 353,183 100,491 November 205,961 410,864 204,903 December 312,584 326,123 13,539 January 339,980 331,299 -8,681 February 167,265 401,243 233,977 March 228,811 375,756 146,945 April 535,545 375,240 May 232,064 439,833

-160,304207,768

June 333,952 342,430 8,477 July 251,348 371,043 119,695 August 227,965 428,309 200,344 September 374,056 291,288 -82,768 Year-to-Date 3,462,223 4,446,611 984,388

FY 2020 October 245,521 379,988 134,467 November 225,185 434,024 208,838 December 335,805 349,091 13,286 January 372,288 404,883 32,595 February 187,951 1423,229 235,278 March 236,766 355,891 119,125 Year-to-Date 1,603,516 2,347,107 743,590

1 Outlays decreased by $57 million due to additional reporting by the Department of the Interior.

Note: Details may not add to totals due to rounding.

Classification ThisMonth

CurrentFiscal Year

to Date

BudgetEstimates FullFiscal Year 1

ComparablePrior PeriodYear to Date

(2019)

BudgetEstimatesNext Fiscal

Year (2021) 1

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, March 2020 and Other Periods[$ millions]

Total On-Budget and Off-Budget Results: Total Receipts 236,766 1,603,516 3,706,327 1,507,293 3,863,293 On-Budget Receipts 153,068 1,143,164 2,739,254 1,071,891 2,852,257 Off-Budget Receipts 83,698 460,353 967,073 435,402 1,011,036

Total Outlays 355,891 2,347,107 4,789,746 2,198,468 4,829,359 On-Budget Outlays 266,547 1,876,205 3,829,949 1,755,032 3,811,118 Off-Budget Outlays 89,344 470,901 959,797 443,435 1,018,241

Total Surplus (+) or Deficit (-) -119,125 -743,590 -1,083,419 -691,174 -966,066 On-Budget Surplus (+) or Deficit (-) -113,479 -733,041 -1,090,695 -683,141 -958,861 Off-Budget Surplus (+) or Deficit (-) -5,646 -10,549 +7,276 -8,034 -7,205

Total On-Budget and Off-Budget Financing 119,125 743,590 1,083,419 691,174 966,066Means of Financing: Borrowing from the Public 267,964 861,047 1,080,435 443,414 1,030,904 Reduction of Operating Cash, Increase (-) 50,700 ...... By Other Means

-158,0069,167

-132,77415,317

-2,5175,500 197,060 -64,838

1 These estimates are based on the FY 2021 Budget, released by the Office ofManagement and Budget on February 10, 2020.

Note: Details may not add to totals due to rounding.... No Transactions

6 Source data: Table 1

Receipts Outlays Deficit(-)/Surplus

2019 2020

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug Sep Oct

Nov

Dec Jan

Feb

Mar

($400B)

($200B)

$0B

$200B

$400B

($400B)

($200B)

$0B

$200B

$400B

2019 2020

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug Sep Oct

Nov

Dec Jan

Feb

Mar

$1,000B$2,000B$3,000B$4,000B

($4,000B)($3,000B)($2,000B)($1,000B)

($1,000B)($500B)$0B

$500B$1,000B

Figure 4. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Cumulative,Fiscal Years 2019 and 2020

Receipts Outlays

Figure 3. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years2019 and 2020

Deficit(-)/Surplus

blee

Line


$49B$40B$42B

$84B

$769B

$618B

Fiscal Year 2020 to Date: $1,604B

2019 2020

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep Oct

Nov

Dec Jan

Feb

Mar

$0B

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

$500B$550B

Receipt Amount

$6B$6B$8B

$10B

$98B

$108B

Month of March 2020: $238B

Figure 5. Receipts of the U.S. Government, by Source, Fiscal Year 2020

Figure 6. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 2019 and 2020

Excise Taxes

Other

Miscellaneous Receipts

Corporation Income Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

Other

Excise Taxes

Miscellaneous Receipts

Corporation Income Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

"Other" Includes: Customs Duties and Estate and Gift Taxes*Disclaimer: Other category is subject to change due to negative balances held.Note: Details may not add to totals due to rounding


$91B

$25B

$38B

$43B

$62B

$50B

$47B

Month of March 2020: $356B

$539B

$294B$300B

$366B

$199B

$318B

$330B

Fiscal Year 2020 to Date: $2,347B

2019 2020

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep Oct

Nov

Dec Jan

Feb

Mar

$0B

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

Outlay Amount

Figure 7. Outlays of the U.S. Government, by Source, Fiscal Year 2020

Social Security Income Security National Defense

Net Interest

Other

Medicare Health

*Disclaimer: Other category is subject to change due to negative balances held.

Figure 8. Monthly Outlays of the U.S. Government, by Source, Fiscal Years 2019 and 2020

Social Security

Medicare

Income Security

Health

National Defense

Net Interest

Other

"Other" Includes: Administration of Justice, Agriculture, Commerce and Housing Credit, Community and Regional Development, Education,Training, Employment, and Social Services, Energy, General Government, General Science, Space, and Technology, International Affairs,Natural Resources and Environment, Transportation, Undistributed Offsetting Receipts, Veterans' Benefits and Services.Note: Details may not add to totals due to rounding

Classification ThisMonth

CurrentFiscal Year

to Date

ComparablePrior Period

Year to Date

BudgetEstimatesFull Fiscal

Year 1

Table 3. Summary of Receipts and Outlays of the U.S. Government, March 2020 and Other Periods[$ millions]

Budget Receipts Individual Income Taxes 98,316 769,460 723,828 1,812,040 Corporation Income Taxes 10,390 84,254 67,987 263,642 Social Insurance and Retirement Receipts: Employment and General Retirement (Off-Budget) 83,698 460,353 435,402 967,073 Employment and General Retirement (On-Budget) 23,467 144,379 137,500 297,713 Unemployment Insurance 296 11,195 11,617 42,004 Other Retirement 405 2,551 2,312 5,236 Excise Taxes 6,415 39,974 49,399 94,593 Estate and Gift Taxes 1,217 9,789 8,290 20,389 Customs Duties 4,815 39,165 34,694 92,304 Miscellaneous Receipts 7,749 42,396 36,264 111,333 Total Receipts 236,766 1,603,516 1,507,293 3,706,327 (On-Budget) 153,068 1,143,164 1,071,891 2,739,254 (Off-Budget) 83,698 460,353 435,402 967,073Budget Outlays Legislative Branch 455 2,694 2,422 6,048 Judicial Branch 701 4,188 3,940 8,580 Department of Agriculture 11,228 88,649 85,639 154,617 Department of Commerce 1,200 7,818 5,978 17,124 Department of Defense--Military Programs 57,855 348,178 325,525 689,589 Department of Education 6,366 43,152 40,685 159,297 Department of Energy 2,876 16,027 13,634 34,351 Department of Health and Human Services 73,527 619,263 583,491 1,322,128 Department of Homeland Security 4,776 29,025 29,625 62,152 Department of Housing and Urban Development 4,452 23,562 22,504 36,049 Department of the Interior 1,632 27,362 6,551 17,458 Department of Justice 3,534 16,507 17,129 45,277 Department of Labor 5,649 19,022 16,988 36,390 Department of State 2,760 15,745 14,114 32,169 Department of Transportation 6,271 39,216 34,964 84,659 Department of the Treasury: Interest on Treasury Debt Securities (Gross) 40,471 269,452 259,687 576,465 Other 22,626 114,172 98,637 124,576 Department of Veterans Affairs 7,294 104,836 96,633 214,336 Corps of Engineers 795 4,368 3,429 5,543 Other Defense Civil Programs 515 32,567 32,599 64,521 Environmental Protection Agency 690 4,661 4,415 7,498 Executive Office of the President 33 196 195 440 General Services Administration -3 345 -548 1,222 International Assistance Programs 5,372 12,374 6,598 25,670 National Aeronautics and Space Administration 1,864 10,524 9,740 21,545 National Science Foundation 538 3,474 3,358 7,504 Office of Personnel Management 8,988 53,654 50,851 106,405 Small Business Administration -1,056 -603 -96 -158 Social Security Administration 91,869 568,127 540,426 1,155,231 Independent Agencies 2,772 14,474 12,625 27,498 Allowances ...... ...... ...... 364 Undistributed Offsetting Receipts: Interest -2,767 -66,275 -66,491 -145,570 Other -7,392 -59,647 -56,780 -109,232 Total Outlays 355,891 2,347,107 2,198,468 4,789,746 (On-Budget) 266,547 1,876,205 1,755,032 3,829,949 (Off-Budget) 89,344 470,901 443,435 959,797 Surplus (+) or Deficit (-) -119,125 -743,590 -691,174 -1,083,419 (On-Budget) -113,479 -733,041 -683,141 -1,090,695 (Off-Budget) -5,646 -10,549 -8,034 +7,276

1 These estimates are based on the FY 2021 Budget, released by the Office of February 2020.Management and Budget on February 10, 2020. Note: Details may not add to totals due to rounding.

2 Outlays decreased by $57 million due to additional reporting for the month of ... No Transactions

9

This Month

Receipts GrossReceipts

Refunds(Deduct) Receipts

Current Fiscal Year to Date Prior Fiscal Year to DateClassification Gross

ReceiptsRefunds(Deduct) Receipts Gross

ReceiptsRefunds(Deduct)

Table 4. Receipts of the U.S. Government, March 2020 and Other Periods[$ millions]

Individual Income Taxes Withheld 1148,378 748,140 704,568 Presidential Election Campaign Fund 4 11 11 Other 115,290 174,446 167,767 Total -- Individual Income Taxes 163,672 65,356 98,316 922,597 153,137 769,460 872,346 148,518 723,828Corporation Income Taxes 12,166 1,776 10,390 105,924 21,670 84,254 90,589 22,601 67,987Social Insurance and Retirement Receipts: Employment and General Retirement: Federal Old-Age and Survivors Insurance Trust Fund: Federal Insurance Contributions Act Taxes 170,388 ...... 70,388 382,478 ...... 382,478 354,380 ...... 354,380 Self-Employment Contributions Act Taxes 11,151 ...... 1,151 9,577 ...... 9,577 8,810 ...... 8,810 Adjustments Attributable to Prior Years-FICA 110 ...... 10 1,516 ...... 1,516 -237 ...... -237 Adjustments Attrbutable to Prior Years-SECA 1(**) ...... (**) -121 ...... -121 -1,115 ...... -1,115 Total -- Federal Old-Age and Survivors Insurance Trust Fund 71,548 ...... 71,548 393,450 ...... 393,450 361,838 ...... 361,838 Federal Disability Insurance Trust Fund: Federal Insurance Contributions Act Taxes 111,953 ...... 11,953 64,949 ...... 64,949 71,814 ...... 71,814 Self-Employment Contributions Act Taxes 1195 ...... 195 1,624 ...... 1,624 2,069 ...... 2,069 Adjustments Attributable to Prior Years-FICA 12 ...... 2 372 ...... 372 -51 ...... -51 Adjustments Attributable to Prior Years-SECA 1(**) ...... (**) -42 ...... -42 -267 ...... -267 Total -- Federal Disability Insurance Trust Fund 12,150 ...... 12,150 66,903 ...... 66,903 73,564 ...... 73,564 Federal Hospital Insurance Trust Fund: Federal Insurance Contributions Act Taxes 122,219 ...... 22,219 136,790 ...... 136,790 130,738 ...... 130,738 Self-Employment Contributions Act Taxes 1751 ...... 751 4,490 ...... 4,490 4,355 ...... 4,355 Adjustments Attributable to Prior Years-FICA 11 ...... 1 267 ...... 267 -188 ...... -188 Adjustments Attributable to Prior Years-SECA 11 ...... 1 -17 ...... -17 -481 ...... -481 Total -- Federal Hospital Insurance Trust Fund 22,972 ...... 22,972 141,530 ...... 141,530 134,424 ...... 134,424 Railroad Retirement: Rail Pension and Supplemental Annuity 303 19 283 1,546 65 1,480 1,602 (**) 1,602 Social Security Equivalent Account 233 21 212 1,435 67 1,369 1,473 (**) 1,473 Total -- Employment and General Retirement 107,205 40 107,165 604,864 132 604,732 572,901 (**) 572,902 Unemployment Insurance: Deposits by States 274 ...... 274 9,186 ...... 9,186 9,628 ...... 9,628 Federal Unemployment Taxes 42 20 22 2,000 52 1,948 2,008 87 1,921 Railroad Unemployment Taxes (**) ...... (**) 61 ...... 61 68 ...... 68 Total -- Unemployment Insurance 316 20 296 11,247 52 11,195 11,704 87 11,617 Other Retirement: Federal Employees' Retirement--Employee Share 402 ...... 402 2,535 ...... 2,535 2,298 ...... 2,298 Non-Federal Employees Retirement 3 ...... 3 15 ...... 15 14 ...... 14 Total -- Other Retirement 405 ...... 405 2,551 ...... 2,551 2,312 ...... 2,312 Total -- Social Insurance and Retirement Receipts 107,927 61 107,866 618,662 184 618,478 586,916 86 586,830Excise Taxes: Miscellaneous Excise Taxes 2,345 462 1,883 12,564 1,616 10,948 26,493 3,746 22,747 Airport and Airway Trust Fund 1,291 ...... 1,291 9,016 7 9,009 6,936 8 6,928 Highway Trust Fund 3,248 31 3,217 20,080 164 19,916 19,756 165 19,591 Black Lung Disability Trust Fund 23 ...... 23 101 ...... 101 132 ...... 132 Total -- Excise Taxes 6,907 493 6,415 41,761 1,787 39,974 53,317 3,918 49,399Estate and Gift Taxes 1,198 -19 1,217 10,115 326 9,789 8,713 423 8,290Customs Duties 5,403 588 4,815 41,800 2,634 39,165 35,877 1,183 34,694Miscellaneous Receipts: Deposit of Earnings, Federal Reserve System 6,068 ...... 6,068 31,009 ...... 31,009 25,373 ...... 25,373 Universal Service Fund 648 ...... 648 4,509 ...... 4,509 4,880 ...... 4,880 All Other 1,051 19 1,032 6,902 23 6,879 6,031 19 6,011 Total -- Miscellaneous Receipts 7,768 19 7,749 42,419 23 42,396 36,284 19 36,264Total -- Receipts 305,040 68,274 236,766 1,783,278 179,762 1,603,516 1,684,042 176,749 1,507,293 Total -- On-Budget 221,342 68,274 153,068 1,322,925 179,762 1,143,164 1,248,641 176,749 1,071,891 Total -- Off-Budget 83,698 ...... 83,698 460,353 ...... 460,353 435,402 ...... 435,402

1 In accordance with the Social Security Act as amended: Individual Income Taxes, calendar year 2017 and prior.Withheld have been decreased and Federal Insurance Contribution Act Taxes Note: Details may not add to totals due to rounding.increased by $12 million to correct estimates for the calendar year 2018. ... No TransactionsIndividual Income Taxes, Other have been decreased and Self-Employment (**) Less than absolute value of $500,000Contribution Act Taxes increased by $387 thousand to correct estimates for

10

This Month

Outlays GrossOutlays

ApplicableReceipts Outlays


OutlaysApplicableReceipts Outlays Gross

OutlaysApplicableReceipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods[$ millions]

Legislative Branch: Senate 83 (**) 83 484 1 483 475 1 474 House of Representatives 120 (**) 120 757 2 755 694 1 693 Joint Items 1 ...... 1 8 ...... 8 10 ...... 10 Capitol Police 38 ...... 38 233 ...... 233 206 ...... 206 Congressional Budget Office 4 ...... 4 27 ...... 27 25 ...... 25 Architect of the Capitol 63 (**) 63 375 2 372 300 2 297 Library of Congress 56 1 55 352 5 348 344 5 339 Government Printing Office 35 ...... 35 103 ...... 103 28 ...... 28 Government Accountability Office 47 ...... 47 304 ...... 304 288 ...... 288 United States Tax Court 4 ...... 4 26 ...... 26 25 ...... 25 Other Legislative Branch Agencies 8 ...... 8 69 ...... 69 53 ...... 53 Proprietary Receipts from the Public ...... 2 -2 ...... 28 -28 ...... 10 -10 Intrabudgetary Transactions -1 ...... -1 -7 ...... -7 -7 ...... -7 Offsetting Governmental Receipts ...... (**) (**) ...... (**) (**) ...... (**) (**) Total--Legislative Branch 458 3 455 2,732 38 2,694 2,442 20 2,422Judicial Branch: Supreme Court of the United States 8 ...... 8 51 ...... 51 48 ...... 48 Courts of Appeals, District Courts, and Other Judicial Services 680 ...... 680 4,501 ...... 4,501 4,295 ...... 4,295 Other 22 ...... 22 429 ...... 429 392 ...... 392 Proprietary Receipts from the Public ...... 9 -9 ...... 86 -86 ...... 78 -78 Intrabudgetary Transactions (**) ...... (**) -707 ...... -707 -717 ...... -717 Total--Judicial Branch 710 9 701 4,274 86 4,188 4,018 78 3,940Department of Agriculture: Agricultural Research Service 107 ...... 107 688 ...... 688 592 ...... 592 National Institute of Food and Agriculture: Research and Education Activities 51 ...... 51 328 ...... 328 344 ...... 344 Extension Activities 34 ...... 34 230 ...... 230 253 ...... 253 Other 10 ...... 10 54 ...... 54 54 ...... 54 Animal and Plant Health Inspection Service 121 ...... 121 672 ...... 672 582 ...... 582 Food Safety and Inspection Service 86 ...... 86 517 ...... 517 509 ...... 509 Agricultural Marketing Service 151 ...... 151 770 ...... 770 794 ...... 794 Risk Management Agency: Administrative and Operating Expenses 5 ...... 5 33 ...... 33 34 ...... 34 Federal Crop Insurance Corporation Fund 750 245 504 10,224 3,280 6,944 8,561 202 8,359 Farm Service Agency: Salaries and Expenses 135 ...... 135 398 ...... 398 529 ...... 529 USDA Supplemental Assistance (**) ...... (**) (**) ...... (**) (**) ...... (**) Agricultural Disaster Relief Fund (**) ...... (**) (**) ...... (**) (**) ...... (**) Commodity Credit Corporation 593 668 -75 22,738 3,216 19,522 21,186 2,816 18,370 Tobacco Trust Fund ...... ...... ...... ...... ...... ...... (**) ...... (**) Agricultural Credit Insurance Fund 25 3 22 341 25 315 165 25 140 Other 14 ...... 14 77 ...... 77 35 ...... 35 Total--Farm Service Agency 767 671 96 23,554 3,242 20,312 21,915 2,841 19,074 Natural Resources Conservation Service: Conservation Operations 68 ...... 68 431 ...... 431 369 ...... 369 Farm Security and Rural Investment Programs 195 ...... 195 2,080 ...... 2,080 2,020 ...... 2,020 Other 23 ...... 23 120 ...... 120 109 ...... 109 Rural Development 66 ...... 66 -110 ...... -110 57 ...... 57 Rural Housing Service: Rural Housing Insurance Fund 13 51 -38 473 247 227 272 226 45 Rental Assistance Program 103 ...... 103 605 ...... 605 595 ...... 595 Other 17 ...... 17 88 ...... 88 71 ...... 71 Rural Utilities Service: Rural Electrification and Telecommunications Fund 402 19 383 1,227 72 1,155 597 1,176 -579 Other 39 3 36 309 29 280 294 28 266 Foreign Agricultural Service 125 ...... 125 1,115 ...... 1,115 985 ...... 985 Food and Nutrition Service: Supplemental Nutrition Assistance Program 5,273 ...... 5,273 31,174 ...... 31,174 32,640 ...... 32,640 Child Nutrition Programs 2,483 ...... 2,483 13,882 ...... 13,882 13,121 ...... 13,121 Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) 470 ...... 470 2,706 ...... 2,706 2,663 ...... 2,663 Other 56 ...... 56 315 ...... 315 243 ...... 243 Total--Food and Nutrition Service 8,281 ...... 8,281 48,076 ...... 48,076 48,666 ...... 48,666

11

This Month






Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued[$ millions]

Department of Agriculture: - Continued Forest Service: National Forest System 150 ...... 150 922 ...... 922 862 ...... 862 Capital Improvement and Maintenance 29 ...... 29 230 ...... 230 197 ...... 197 Wildland Fire Management 136 ...... 136 942 ...... 942 1,181 ...... 1,181 Forest Service Permanent Appropriations 230 ...... 230 303 ...... 303 95 ...... 95 Other 67 ...... 67 373 ...... 373 328 ...... 328 Total--Forest Service 612 ...... 612 2,770 ...... 2,770 2,663 ...... 2,663 Other 309 2 306 1,698 20 1,679 777 20 757 Proprietary Receipts from the Public (**) 115 -115 (**) 611 -611 ...... 630 -630 Intrabudgetary Transactions -1 ...... -1 196 ...... 196 -347 ...... -347 Total--Department of Agriculture 12,334 1,106 11,228 96,149 7,500 88,649 90,763 5,123 85,639Department of Commerce: Economic Development Administration 29 ...... 29 163 ...... 163 137 ...... 137 Bureau of the Census 459 ...... 459 2,394 ...... 2,394 1,079 ...... 1,079 International Trade Administration 45 ...... 45 230 ...... 230 201 ...... 201 National Oceanic and Atmospheric Administration 585 ...... 585 2,937 1 2,937 2,509 3 2,507 National Institute of Standards and Technology 92 ...... 92 562 ...... 562 501 ...... 501 National Telecommunications and Information Administration 5 ...... 5 1,329 (**) 1,329 1,388 1 1,388 Other -14 6 -20 213 37 176 188 44 144 Proprietary Receipts from the Public ...... -6 6 ...... -28 28 ...... -23 23 Intrabudgetary Transactions -1 ...... -1 1 ...... 1 (**) ...... (**) Offsetting Governmental Receipts ...... (**) (**) ...... 1 -1 ...... 1 -1 Total--Department of Commerce 1,200 -1 1,200 7,829 11 7,818 6,003 25 5,978Department of Defense--Military Programs: Military Personnel: Department of the Army 2,912 ...... 2,912 31,123 ...... 31,123 31,473 ...... 31,473 Department of the Navy 2,381 ...... 2,381 26,341 ...... 26,341 25,559 ...... 25,559 Department of the Air Force 2,135 ...... 2,135 20,575 ...... 20,575 19,382 ...... 19,382 Defense Agencies ...... ...... ...... 8,505 ...... 8,505 7,909 ...... 7,909 Total--Military Personnel 7,429 ...... 7,429 86,544 ...... 86,544 84,324 ...... 84,324 Operation and Maintenance: Department of the Army 6,565 ...... 6,565 36,419 ...... 36,419 33,917 ...... 33,917 Department of the Navy 6,102 ...... 6,102 32,471 ...... 32,471 30,686 ...... 30,686 Department of the Air Force 5,357 ...... 5,357 29,914 ...... 29,914 29,001 ...... 29,001 Defense Agencies 6,994 ...... 6,994 37,752 ...... 37,752 36,422 ...... 36,422 Total--Operation and Maintenance 25,018 ...... 25,018 136,557 ...... 136,557 130,025 ...... 130,025 International Reconstruction and Other Assistance: Department of the Army 2 ...... 2 3 ...... 3 6 ...... 6 Procurement: Department of the Army 1,987 ...... 1,987 11,701 ...... 11,701 9,758 ...... 9,758 Department of the Navy 5,343 ...... 5,343 26,510 ...... 26,510 23,203 ...... 23,203 Department of the Air Force 6,157 ...... 6,157 27,596 ...... 27,596 23,254 ...... 23,254 Defense Agencies 698 ...... 698 4,437 ...... 4,437 3,673 ...... 3,673 Total--Procurement 14,186 ...... 14,186 70,243 ...... 70,243 59,888 ...... 59,888 Research, Development, Test, and Evaluation: Department of the Army 803 ...... 803 5,940 ...... 5,940 4,347 ...... 4,347 Department of the Navy 1,744 ...... 1,744 8,660 ...... 8,660 8,989 ...... 8,989 Department of the Air Force 5,797 ...... 5,797 22,164 ...... 22,164 19,796 ...... 19,796 Defense Agencies 2,445 ...... 2,445 11,457 ...... 11,457 10,854 ...... 10,854 Total--Research, Development, Test, and Evaluation 10,789 ...... 10,789 48,222 ...... 48,222 43,987 ...... 43,987 Military Construction: Department of the Army 186 ...... 186 1,073 ...... 1,073 1,219 ...... 1,219 Department of the Navy 182 ...... 182 805 ...... 805 730 ...... 730 Department of the Air Force 204 ...... 204 807 ...... 807 595 ...... 595 Defense Agencies 292 ...... 292 1,423 ...... 1,423 1,281 ...... 1,281 Total--Military Construction 864 ...... 864 4,108 ...... 4,108 3,825 ...... 3,825 Family Housing: Department of the Army 41 ...... 41 208 ...... 208 198 ...... 198 Department of the Navy 24 ...... 24 127 ...... 127 121 ...... 121 Department of the Air Force 20 ...... 20 156 ...... 156 150 ...... 150 Defense Agencies 3 ...... 3 22 (**) 22 38 ...... 38 Revolving and Management Funds:

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This Month







Department of Defense--Military Programs: - Continued Department of the Navy 1 ...... 1 55 ...... 55 41 ...... 41 Defense Agencies: Working Capital Fund -305 ...... -305 2,471 ...... 2,471 3,379 ...... 3,379 Other -13 ...... -13 95 ...... 95 144 ...... 144 Allowances -24 ...... -24 -30 ...... -30 17 ...... 17 Trust Funds: Department of the Army 1 ...... 1 7 ...... 7 6 ...... 6 Department of the Navy 2 ...... 2 13 ...... 13 17 ...... 17 Department of the Air Force (**) ...... (**) 2 ...... 2 1 ...... 1 Defense Agencies 26 ...... 26 157 ...... 157 141 ...... 141 Proprietary Receipts from the Public: Department of the Army ...... 156 -156 ...... 35 -35 ...... -122 122 Department of the Navy ...... 16 -16 ...... 36 -36 ...... 46 -46 Department of the Air Force ...... 34 -34 ...... 45 -45 ...... 33 -33 Defense Agencies ...... 30 -30 ...... 177 -177 ...... 673 -673 Intrabudgetary Transactions: Department of the Army -17 ...... -17 -28 ...... -28 -14 ...... -14 Department of the Navy 4 ...... 4 -9 ...... -9 -33 ...... -33 Department of the Air Force 26 ...... 26 114 ...... 114 -1 ...... -1 Defense Agencies 14 ...... 14 -63 ...... -63 -106 ...... -106 Offsetting Governmental Receipts: Department of the Army ...... (**) (**) ...... 4 -4 ...... (**) (**) Defense Agencies ...... ...... ...... ...... 500 -500 ...... ...... ...... Total--Department of Defense--Military Programs 58,091 236 57,855 348,974 796 348,178 326,155 630 325,525Department of Education: Office of Elementary and Secondary Education: Accelerating Achievement and Ensuring Equity 1,628 ...... 1,628 8,421 ...... 8,421 8,173 ...... 8,173 Impact Aid 57 ...... 57 1,128 ...... 1,128 1,140 ...... 1,140 Education Improvement Programs 420 ...... 420 2,545 ...... 2,545 2,280 ...... 2,280 Other 25 ...... 25 162 ...... 162 144 ...... 144 Total--Office of Elementary and Secondary Education 2,130 ...... 2,130 12,256 ...... 12,256 11,737 ...... 11,737 Office of Innovation and Improvement 91 ...... 91 402 ...... 402 550 ...... 550 Office of English Language Acquisition 45 ...... 45 374 ...... 374 425 ...... 425 Office of Special Education and Rehabilitative Services: Special Education 1,138 ...... 1,138 6,656 ...... 6,656 6,421 ...... 6,421 Rehabilitation Services and Disability Research 274 ...... 274 1,727 ...... 1,727 1,629 ...... 1,629 Special Institutions for Persons with Disabilities 18 ...... 18 129 ...... 129 121 ...... 121 Office of Vocational and Adult Education 157 ...... 157 862 ...... 862 813 ...... 813 Office of Postsecondary Education: Higher Education 187 ...... 187 1,187 ...... 1,187 1,167 ...... 1,167 Other 73 (**) 73 193 1 192 118 2 116 Total--Office of Postsecondary Education 260 (**) 260 1,380 1 1,379 1,285 2 1,283 Office of Federal Student Aid: Student Financial Assistance 2,030 ...... 2,030 16,619 ...... 16,619 16,941 ...... 16,941 Student Aid Administration 240 ...... 240 877 ...... 877 805 ...... 805 Federal Direct Student Loans ...... ...... ...... 5,245 ...... 5,245 3,563 ...... 3,563 Federal Family Education Loans -34 ...... -34 -139 ...... -139 -95 ...... -95 Other (**) 1 -1 16 3 12 14 4 10 Total--Office of Federal Student Aid 2,236 1 2,235 22,618 3 22,615 21,228 4 21,224 Institute of Education Sciences 48 ...... 48 283 ...... 283 333 ...... 333 Departmental Management 51 ...... 51 288 ...... 288 288 ...... 288 Other 11 ...... 11 134 ...... 134 263 ...... 263 Proprietary Receipts from the Public ...... 99 -99 ...... 4,013 -4,013 ...... 4,482 -4,482 Intrabudgetary Transactions 8 ...... 8 60 ...... 60 79 ...... 79 Total--Department of Education 6,466 100 6,366 47,169 4,017 43,152 45,173 4,488 40,685Department of Energy: National Nuclear Security Administration: Naval Reactors 139 ...... 139 689 ...... 689 673 ...... 673 Weapons Activities 996 ...... 996 5,633 ...... 5,633 5,028 ...... 5,028 Defense Nuclear Nonproliferation 167 ...... 167 1,038 ...... 1,038 864 ...... 864 Other 30 ...... 30 210 ...... 210 213 ...... 213 Environmental and Other Defense Activities:

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This Month







Department of Energy: - Continued Defense Environmental Cleanup 743 ...... 743 3,195 ...... 3,195 2,831 ...... 2,831 Other Defense Activities 67 ...... 67 466 ...... 466 378 ...... 378 Defense Nuclear Waste Disposal (**) ...... (**) 1 ...... 1 1 ...... 1 Energy Programs: Science 447 ...... 447 3,081 ...... 3,081 2,836 ...... 2,836 Energy Supply 145 ...... 145 924 ...... 924 794 ...... 794 Energy Efficiency and Renewable Energy 183 ...... 183 1,021 ...... 1,021 878 ...... 878 Fossil Energy Research and Development 51 ...... 51 324 ...... 324 304 ...... 304 Uranium Enrichment Decontamination and Decommissioning Fund 78 ...... 78 408 ...... 408 370 ...... 370 Advanced Technology Vehicles Manufacturing Loan Program (**) ...... (**) 1 ...... 1 1 ...... 1 Title 17 Innovative Technology Loan Guarantee Program 50 ...... 50 60 ...... 60 -9 ...... -9 Other 84 22 62 595 61 534 560 62 498 Total--Energy Programs 1,039 22 1,017 6,414 61 6,353 5,734 62 5,672 Power Marketing Administration 235 356 -121 2,070 1,987 83 1,974 2,042 -68 Departmental Administration -2 ...... -2 117 ...... 117 126 ...... 126 Proprietary Receipts from the Public ...... 22 -22 ...... 972 -972 ...... 1,339 -1,339 Intrabudgetary Transactions -140 ...... -140 -785 ...... -785 -744 ...... -744 Total--Department of Energy 3,276 400 2,876 19,048 3,020 16,027 17,077 3,443 13,634Department of Health and Human Services: Food and Drug Administration 391 (**) 390 1,591 5 1,586 1,381 4 1,377 Health Resources and Services Administration 1,090 ...... 1,090 5,910 ...... 5,910 5,772 ...... 5,772 Indian Health Service 443 ...... 443 4,334 ...... 4,334 2,407 ...... 2,407 Centers for Disease Control and Prevention 758 ...... 758 3,997 ...... 3,997 3,708 ...... 3,708 National Institutes of Health 3,240 ...... 3,240 18,522 ...... 18,522 17,424 ...... 17,424 Substance Abuse and Mental Health Services Administration 419 ...... 419 2,565 ...... 2,565 1,855 ...... 1,855 Agency for Healthcare Research and Quality 30 ...... 30 171 ...... 171 158 ...... 158 Centers for Medicare and Medicaid Services: Grants to States for Medicaid 34,664 ...... 34,664 207,610 ...... 207,610 197,951 ...... 197,951 Payments to Health Care Trust Funds 28,662 ...... 28,662 181,606 ...... 181,606 168,504 ...... 168,504 Children's Health Insurance Fund 1,581 ...... 1,581 8,211 ...... 8,211 8,758 ...... 8,758 State Grants and Demonstrations 19 ...... 19 156 ...... 156 179 ...... 179 Federal Hospital Insurance Trust Fund: Benefit Payments 19,456 ...... 19,456 165,763 ...... 165,763 155,940 ...... 155,940 Administrative Expenses 215 ...... 215 1,732 ...... 1,732 2,099 ...... 2,099 Total--Federal Hospital Insurance Trust Fund 19,671 ...... 19,671 167,495 ...... 167,495 158,040 ...... 158,040 Health Care Fraud and Abuse Control 129 ...... 129 880 ...... 880 877 ...... 877 Federal Supplementary Medical Insurance Trust Fund: Benefit Payments 18,636 ...... 18,636 185,208 ...... 185,208 171,857 ...... 171,857 Administrative Expenses 454 ...... 454 2,344 ...... 2,344 1,978 ...... 1,978 Medicare Prescription Drugs: Benefit Payments 96 ...... 96 42,356 ...... 42,356 40,403 ...... 40,403 Total--Federal Supplementary Medical Insurance Trust Fund 19,186 ...... 19,186 229,907 ...... 229,907 214,238 ...... 214,238 Other 65 ...... 65 3,745 ...... 3,745 4,978 ...... 4,978 Total--Centers for Medicare and Medicaid Services 103,978 ...... 103,978 799,610 ...... 799,610 753,526 ...... 753,526 Administration for Children and Families: Temporary Assistance for Needy Families 1,612 ...... 1,612 8,775 ...... 8,775 7,928 ...... 7,928 Contingency Fund 81 ...... 81 217 ...... 217 124 ...... 124 Payments to States for Child Support Enforcement and Family Support Programs 342 ...... 342 1,871 ...... 1,871 1,801 ...... 1,801 Low Income Home Energy Assistance 376 ...... 376 2,310 ...... 2,310 2,325 ...... 2,325 Refugee and Entrant Assistance 7 ...... 7 900 ...... 900 1,238 ...... 1,238 Child Care Entitlement to States 359 ...... 359 1,510 ...... 1,510 1,459 ...... 1,459 Payments to States for the Child Care and Development Block Grant 362 ...... 362 2,535 ...... 2,535 1,760 ...... 1,760 Social Services Block Grant 213 ...... 213 759 ...... 759 823 ...... 823 Children and Families Services Programs 1,118 ...... 1,118 6,346 ...... 6,346 5,858 ...... 5,858 Payments to States for Foster Care and Adoption Assistance 741 ...... 741 4,259 ...... 4,259 4,035 ...... 4,035 Other 44 ...... 44 284 ...... 284 231 ...... 231 Total--Administration for Children and Families 5,255 ...... 5,255 29,768 ...... 29,768 27,582 ...... 27,582

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This Month







Department of Health and Human Services: - Continued Administration for Community Living 215 ...... 215 1,113 ...... 1,113 1,006 ...... 1,006 Departmental Management 390 ...... 390 2,005 ...... 2,005 1,621 ...... 1,621 Other 60 ...... 60 602 ...... 602 247 ...... 247 Proprietary Receipts from the Public ...... 14,010 -14,010 ...... 68,810 -68,810 ...... 63,957 -63,957 Intrabudgetary Transactions: Payments for Health Insurance for the Aged: Federal Supplementary Medical Insurance Trust Fund -28,395 ...... -28,395 -175,320 ...... -175,320 -162,882 ...... -162,882 Payments for Tax and Other Credits: Federal Hospital Insurance Trust Fund -264 ...... -264 -6,291 ...... -6,291 -5,650 ...... -5,650 Other -72 ...... -72 -496 ...... -496 -703 ...... -703 Total--Department of Health and Human Services 87,538 14,010 73,527 688,079 68,815 619,263 647,452 63,961 583,491Department of Homeland Security: Departmental Management and Operations 129 ...... 129 812 ...... 812 611 ...... 611 Citizenship and Immigration Services 382 ...... 382 2,171 ...... 2,171 1,989 ...... 1,989 United States Secret Service 165 ...... 165 1,215 ...... 1,215 1,088 ...... 1,088 Transportation Security Administration 580 ...... 580 3,535 ...... 3,535 3,498 ...... 3,498 Immigration and Customs Enforcement 709 ...... 709 4,099 ...... 4,099 3,636 ...... 3,636 U.S. Customs and Border Protection 1,444 3 1,442 8,376 15 8,361 7,384 14 7,370 United States Coast Guard 600 ...... 600 5,606 ...... 5,606 5,681 ...... 5,681 National Protection and Programs Directorate 139 ...... 139 905 ...... 905 994 ...... 994 Federal Emergency Management Agency: State and Local Programs 2 ...... 2 148 ...... 148 340 ...... 340 Firefighter Assistance Grants 6 ...... 6 73 ...... 73 181 ...... 181 Disaster Relief 1,215 ...... 1,215 6,701 ...... 6,701 8,077 ...... 8,077 National Flood Insurance Fund 278 192 86 1,202 748 454 1,611 615 996 Other 101 ...... 101 624 ...... 624 666 ...... 666 Total--Federal Emergency Management Agency 1,602 192 1,410 8,747 748 7,999 10,874 615 10,259 Science and Technology 83 ...... 83 400 ...... 400 460 ...... 460 Domestic Nuclear Detection Office 23 ...... 23 140 ...... 140 122 ...... 122 Other 46 ...... 46 260 ...... 260 238 ...... 238 Proprietary Receipts from the Public ...... 48 -48 ...... 453 -453 ...... 453 -453 Intrabudgetary Transactions 13 ...... 13 149 ...... 149 -28 ...... -28 Offsetting Governmental Receipts ...... 896 -896 ...... 6,173 -6,173 ...... 5,840 -5,840 Total--Department of Homeland Security 5,915 1,139 4,776 36,414 7,389 29,025 36,547 6,921 29,625Department of Housing and Urban Development: Public and Indian Housing Programs: Tenant Based Rental Assistance 2,060 ...... 2,060 11,523 ...... 11,523 10,961 ...... 10,961 Housing Certificate Fund 10 ...... 10 94 ...... 94 107 ...... 107 Public Housing Capital Fund 184 ...... 184 1,179 ...... 1,179 1,038 ...... 1,038 Public Housing Operating Fund 191 ...... 191 2,227 ...... 2,227 2,137 ...... 2,137 Revitalization of Severely Distressed Public Housing (Hope VI) (**) ...... (**) 3 ...... 3 7 ...... 7 Native American Housing Block Grant 84 ...... 84 288 ...... 288 264 ...... 264 Other 21 ...... 21 95 ...... 95 77 ...... 77 Total--Public and Indian Housing Programs 2,550 ...... 2,550 15,408 ...... 15,408 14,592 ...... 14,592 Community Planning and Development: Housing Opportunities for Persons with AIDS 23 ...... 23 142 ...... 142 159 ...... 159 Community Development Fund 446 ...... 446 2,531 ...... 2,531 2,721 ...... 2,721 Home Investment Partnership Program 68 ...... 68 421 ...... 421 420 ...... 420 Neighborhood Stabilization Program 1 ...... 1 10 ...... 10 10 ...... 10 Homeless Assistance Grants 186 ...... 186 1,118 ...... 1,118 1,086 ...... 1,086 Other 15 ...... 15 119 ...... 119 58 ...... 58 Total--Community Planning and Development 739 ...... 739 4,342 ...... 4,342 4,454 ...... 4,454 Housing Programs: Credit Accounts: FHA-Mutual Mortgage Insurance Fund, Program Account 12 ...... 12 56 ...... 56 52 ...... 52 FHA-Mutual Mortgage Insurance Capital Reserve Account -113 ...... -113 -3,183 ...... -3,183 -3,433 ...... -3,433 FHA-Mutual Mortgage and Cooperative Housing Insurance Fund, Liquidating Account 2 2 1 8 6 2 10 8 2 FHA-General and Special Risk Fund, Liquidating Account 16 29 -13 64 99 -35 64 104 -40 Housing for the Elderly or Handicapped Fund, Liquidating Account -10 4 -14 -61 29 -90 -67 27 -94

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This Month







Department of Housing and Urban Development: - Continued HUD Project-Based Rental Assistance 1,074 ...... 1,074 6,281 ...... 6,281 5,970 ...... 5,970 Housing for the Elderly 57 ...... 57 366 ...... 366 359 ...... 359 Housing for Persons with Disabilities 16 ...... 16 96 ...... 96 90 ...... 90 Other Assisted Housing Programs 1 ...... 1 31 ...... 31 45 ...... 45 Other 9 3 6 31 22 9 21 16 6 Total--Housing Programs 1,065 38 1,027 3,690 156 3,534 3,113 154 2,959 Government National Mortgage Association: Guarantees of Mortgage-Backed Securities 1 (**) 1 -89 1 -90 -135 2 -136 Management and Administration 151 ...... 151 910 ...... 910 818 ...... 818 Other 21 ...... 21 93 ...... 93 106 ...... 106 Proprietary Receipts from the Public: FHA-General and Special Risk Fund ...... 35 -35 ...... 295 -295 ...... 265 -265 Other ...... (**) (**) ...... 330 -330 ...... 12 -12 Intrabudgetary Transactions -1 ...... -1 -3 ...... -3 -4 ...... -4 Offsetting Governmental Receipts ...... 1 -1 ...... 8 -8 ...... 7 -7 Total--Department of Housing and Urban Development 4,527 75 4,452 24,352 789 23,562 22,944 440 22,504Department of the Interior: Land and Minerals Management: Bureau of Land Management: Management of Lands and Resources 97 ...... 97 557 ...... 557 518 ...... 518 Other 22 4 18 201 28 173 145 26 119 Bureau of Ocean Energy Management 11 ...... 11 62 ...... 62 60 ...... 60 Office of Surface Mining Reclamation and Enforcement 81 ...... 81 541 ...... 541 463 ...... 463 Total--Land and Minerals Management 211 4 206 1,361 28 1,333 1,186 26 1,160 Water and Science: Bureau of Reclamation: Water and Related Resources 67 ...... 67 536 ...... 536 490 ...... 490 Other 49 16 33 339 119 220 384 188 196 Central Utah Project 14 ...... 14 19 ...... 19 14 ...... 14 United States Geological Survey 106 ...... 106 609 ...... 609 576 ...... 576 Total--Water and Science 235 16 219 1,504 119 1,385 1,464 188 1,276 Fish and Wildlife and Parks: United States Fish and Wildlife Service 232 ...... 232 1,508 ...... 1,508 1,378 ...... 1,378 National Park Service 307 ...... 307 1,701 ...... 1,701 1,504 ...... 1,504 Total--Fish and Wildlife and Parks 540 ...... 540 3,209 ...... 3,209 2,883 ...... 2,883 Indian Affairs: Bureau of Indian Affairs and Bureau of Indian Education 431 (**) 431 1,529 (**) 1,529 1,221 (**) 1,220 Total--Indian Affairs 431 (**) 431 1,529 (**) 1,529 1,221 (**) 1,220 Departmental Offices: Mineral Leasing and Associated Payments 136 ...... 136 911 ...... 911 1,337 ...... 1,337 Other 366 ...... 366 478 ...... 478 135 ...... 135 Insular Affairs 18 ...... 18 200 ...... 200 173 ...... 173 Office of the Special Trustee for American Indians 8 ...... 8 55 ...... 55 59 ...... 59 Department-Wide Programs 48 ...... 48 525 ...... 525 661 ...... 661 Total--Departmental Offices 577 ...... 577 2,170 ...... 2,170 2,364 ...... 2,364 Other 80 ...... 80 421 (**) 420 287 ...... 287 Proprietary Receipts from the Public ...... 399 -399 ...... 2,504 1-2,504 ...... 3,335 -3,335 Intrabudgetary Transactions -21 ...... -21 -181 ...... -181 696 ...... 696 Total--Department of the Interior 2,052 419 1,632 10,013 2,651 7,362 10,100 3,549 6,551Department of Justice: General Administration -108 ...... -108 728 ...... 728 641 ...... 641 Legal Activities and U.S. Marshals: General Legal Activities 249 ...... 249 1,098 ...... 1,098 2,143 ...... 2,143 United States Attorneys 234 ...... 234 1,002 ...... 1,002 889 ...... 889 United States Marshals Service 138 ...... 138 724 ...... 724 657 ...... 657 Assets Forfeiture Fund 161 ...... 161 759 ...... 759 1,106 ...... 1,106 Other 233 ...... 233 1,222 ...... 1,222 1,060 ...... 1,060 Federal Bureau of Investigation 902 ...... 902 4,871 ...... 4,871 4,692 ...... 4,692 Drug Enforcement Administration 295 ...... 295 1,390 ...... 1,390 1,211 ...... 1,211 Bureau of Alcohol, Tobacco, Firearms, and Explosives 114 ...... 114 657 ...... 657 634 ...... 634 Federal Prison System 609 28 581 3,955 169 3,786 3,657 177 3,480 Office of Justice Programs:

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This Month







Department of Justice: - Continued State and Local Law Enforcement Assistance 74 ...... 74 959 ...... 959 680 ...... 680 Community Oriented Policing Services 10 ...... 10 75 ...... 75 81 ...... 81 Crime Victims Fund 217 ...... 217 1,355 ...... 1,355 1,121 ...... 1,121 Other 80 ...... 80 354 ...... 354 451 ...... 451 Other 52 ...... 52 446 ...... 446 324 ...... 324 Proprietary Receipts from the Public ...... 10 -10 ...... 184 -184 ...... 1,334 -1,334 Intrabudgetary Transactions 362 ...... 362 -2,371 ...... -2,371 -361 ...... -361 Offsetting Governmental Receipts ...... 49 -49 ...... 364 -364 ...... 345 -345 Total--Department of Justice 3,621 87 3,534 17,224 717 16,507 18,985 1,856 17,129Department of Labor: Employment and Training Administration: Training and Employment Services 297 ...... 297 1,685 ...... 1,685 1,606 ...... 1,606 Office of Job Corps 135 ...... 135 799 ...... 799 749 ...... 749 Community Service Employment for Older Americans 33 ...... 33 196 ...... 196 193 ...... 193 Federal Unemployment Benefits and Allowances 25 ...... 25 162 ...... 162 177 ...... 177 Federal Additional Unemployment Compensation Program-Recovery Act (**) ...... (**) -1 ...... -1 -1 ...... -1 State Unemployment Insurance and Employment Service Operations 6 ...... 6 -60 ...... -60 -264 ...... -264 Payments to the Unemployment Trust Fund 1,000 ...... 1,000 1,001 ...... 1,001 2 ...... 2 Program Administration 11 ...... 11 55 ...... 55 54 ...... 54 Unemployment Trust Fund: Federal-State Unemployment Insurance: State Unemployment Benefits 4,165 ...... 4,165 16,300 ...... 16,300 14,533 ...... 14,533 State Administrative Expenses 320 ...... 320 1,821 ...... 1,821 1,983 ...... 1,983 Federal Administrative Expenses 174 ...... 174 338 ...... 338 319 ...... 319 Other (**) ...... (**) 2 ...... 2 3 ...... 3 Total--Unemployment Trust Fund 4,659 ...... 4,659 18,461 ...... 18,461 16,838 ...... 16,838 Other ...... ...... ...... ...... ...... ...... 18 ...... 18 Total--Employment and Training Administration 6,166 ...... 6,166 22,298 ...... 22,298 19,371 ...... 19,371 Pension Benefit Guaranty Corporation 536 491 44 3,259 6,636 -3,377 3,220 7,358 -4,138 Office of Workers' Compensation Programs: Special Benefits 169 ...... 169 -1,127 ...... -1,127 -260 ...... -260 Energy Employees Occupational Illness Compensation Fund 167 ...... 167 837 ...... 837 678 ...... 678 Special Benefits for Disabled Coal Miners 5 ...... 5 32 ...... 32 36 ...... 36 Black Lung Disability Trust Fund 24 ...... 24 106 ...... 106 108 ...... 108 Other 32 ...... 32 180 ...... 180 179 ...... 179 Wage and Hour Division 28 ...... 28 133 ...... 133 128 ...... 128 Occupational Safety and Health Administration 51 ...... 51 274 ...... 274 274 ...... 274 Mine Safety and Health Administration 37 ...... 37 181 ...... 181 177 ...... 177 Bureau of Labor Statistics 58 ...... 58 279 ...... 279 271 ...... 271 Departmental Management -155 ...... -155 193 ...... 193 190 ...... 190 Other 33 ...... 33 169 ...... 169 157 ...... 157 Proprietary Receipts from the Public ...... 1 -1 ...... 4 -4 ...... 3 -3 Intrabudgetary Transactions -1,010 ...... -1,010 -1,153 ...... -1,153 -180 ...... -180 Total--Department of Labor 6,142 493 5,649 25,662 6,640 19,022 24,349 7,361 16,988Department of State: Administration of Foreign Affairs: Diplomatic and Consular Programs 483 ...... 483 3,931 ...... 3,931 4,837 ...... 4,837 Educational and Cultural Exchange Programs 61 ...... 61 367 ...... 367 315 ...... 315 Embassy Security, Construction, and Maintenance 95 ...... 95 1,127 ...... 1,127 357 ...... 357 Payment to Foreign Service Retirement and Disability Fund ...... ...... ...... 288 ...... 288 159 ...... 159 Foreign Service Retirement and Disability Fund 84 ...... 84 500 ...... 500 489 ...... 489 Other 433 ...... 433 2,464 ...... 2,464 1,278 ...... 1,278 Total--Administration of Foreign Affairs 1,156 ...... 1,156 8,678 ...... 8,678 7,435 ...... 7,435 International Organizations and Conferences 41 ...... 41 1,914 ...... 1,914 2,106 ...... 2,106 Global Health and Child Survival 1,302 ...... 1,302 5,058 ...... 5,058 4,449 ...... 4,449 Migration and Refugee Assistance 388 ...... 388 1,272 ...... 1,272 1,312 ...... 1,312 International Narcotics Control and Law Enforcement 84 ...... 84 496 ...... 496 515 ...... 515 Andean Counterdrug Programs (**) ...... (**) (**) ...... (**) (**) ...... (**) Other 57 ...... 57 269 ...... 269 247 ...... 247 Proprietary Receipts from the Public ...... 230 -230 ...... 1,610 -1,610 ...... 1,774 -1,774 Intrabudgetary Transactions -38 ...... -38 -332 ...... -332 -176 ...... -176 Total--Department of State 2,990 230 2,760 17,355 1,610 15,745 15,888 1,774 14,114

17

This Month







Department of Transportation: Office of the Secretary 38 ...... 38 310 ...... 310 353 ...... 353 Federal Aviation Administration: Operations 297 ...... 297 -161 ...... -161 728 ...... 728 Airport and Airway Trust Fund: Grants-In-Aid for Airports 253 ...... 253 1,418 ...... 1,418 1,199 ...... 1,199 Facilities and Equipment 238 ...... 238 1,355 ...... 1,355 1,285 ...... 1,285 Research, Engineering, and Development 9 ...... 9 69 ...... 69 78 ...... 78 Trust Fund Share of FAA Operations 600 ...... 600 5,439 ...... 5,439 4,150 ...... 4,150 Total--Airport and Airway Trust Fund 1,100 ...... 1,100 8,282 ...... 8,282 6,712 ...... 6,712 Other -71 10 -81 369 31 338 529 18 511 Total--Federal Aviation Administration 1,326 10 1,316 8,489 31 8,459 7,969 18 7,951 Federal Highway Administration: Highway Trust Fund: Federal-Aid Highways 3,344 ...... 3,344 20,446 ...... 20,446 18,655 ...... 18,655 Other 1 ...... 1 3 ...... 3 4 ...... 4 Other Programs 134 ...... 134 866 ...... 866 534 ...... 534 Total--Federal Highway Administration 3,479 ...... 3,479 21,315 ...... 21,315 19,194 ...... 19,194 Federal Motor Carrier Safety Administration 65 ...... 65 309 ...... 309 274 ...... 274 National Highway Traffic Safety Administration 64 ...... 64 517 ...... 517 512 ...... 512 Federal Railroad Administration: Capital and Debt Service Grants to the National Railroad Passenger Corporation (**) ...... (**) 1 ...... 1 1 ...... 1 Other -6 -47 41 1,613 -47 1,660 876 ...... 876 Total--Federal Railroad Administration -6 -47 41 1,614 -47 1,661 877 ...... 877 Federal Transit Administration: Formula Grants (**) ...... (**) 2 ...... 2 7 ...... 7 Capital Investment Grants 287 ...... 287 967 ...... 967 707 ...... 707 Transit Formula Grants 726 ...... 726 4,637 ...... 4,637 4,345 ...... 4,345 Other 133 ...... 133 743 ...... 743 493 ...... 493 Total--Federal Transit Administration 1,147 ...... 1,147 6,350 ...... 6,350 5,551 ...... 5,551 Maritime Administration 83 ...... 83 90 (**) 90 98 2 96 Other 43 (**) 43 279 18 261 223 16 207 Proprietary Receipts from the Public ...... 4 -4 ...... 55 -55 ...... 48 -48 Intrabudgetary Transactions: Other (**) ...... (**) (**) ...... (**) -1 ...... -1 Offsetting Governmental Receipts ...... 1 -1 ...... 1 -1 ...... 4 -4 Total--Department of Transportation 6,238 -33 6,271 39,274 57 39,216 35,051 87 34,964Department of the Treasury: Departmental Offices: Exchange Stabilization Fund 11 11 1 39 174 -135 35 277 -242 Housing and Economic Recovery Programs (**) ...... (**) (**) ...... (**) (**) ...... (**) Troubled Asset Relief Program 75 ...... 75 443 ...... 443 709 ...... 709 Other 156 ...... 156 764 ...... 764 755 ...... 755 Bureau of the Fiscal Service: Payment to the Resolution Funding Corporation ...... ...... ...... 1,314 ...... 1,314 1,314 ...... 1,314 Financial Agent Services 68 ...... 68 401 ...... 401 391 ...... 391 Claims, Judgements, and Relief Acts 431 ...... 431 1,065 ...... 1,065 865 ...... 865 Other 314 (**) 314 1,561 (**) 1,561 715 (**) 714 Total--Bureau of the Fiscal Service 813 (**) 813 4,341 (**) 4,340 3,285 (**) 3,284 Federal Financing Bank -324 ...... -324 -837 ...... -837 -782 ...... -782 Alcohol and Tobacco Tax and Trade Bureau: Salaries and Expenses 10 ...... 10 60 ...... 60 56 ...... 56 Internal Revenue Collections for Puerto Rico 39 ...... 39 228 ...... 228 216 ...... 216 Bureau of Engraving and Printing -4 ...... -4 26 ...... 26 -21 ...... -21 United States Mint 230 618 -388 1,053 1,345 -292 834 985 -151 Internal Revenue Service: Taxpayer Services 192 ...... 192 1,271 ...... 1,271 1,253 ...... 1,253 Enforcement 379 ...... 379 2,377 ...... 2,377 2,217 ...... 2,217 Operations Support 382 ...... 382 2,292 ...... 2,292 2,195 ...... 2,195 Build America Bond Payments, Recovery Act 167 ...... 167 1,379 ...... 1,379 1,551 ...... 1,551 Refundable Premium Tax Credits and Cost Sharing Reductions 4,462 ...... 4,462 25,269 ...... 25,269 24,958 ...... 24,958

18

This Month







Department of the Treasury: - Continued Payment Where Earned Income Credit Exceeds Liability for Tax 10,499 ...... 10,499 47,271 ...... 47,271 49,022 ...... 49,022 Payment Where Child Tax Credit Exceeds Liability for Tax 4,904 ...... 4,904 23,321 ...... 23,321 24,138 ...... 24,138 Payment Where American Opportunity Tax Credit Exceeds Liability for Tax 633 ...... 633 1,965 ...... 1,965 2,070 ...... 2,070 Refunding Internal Revenue Collections, Interest 119 ...... 119 1,283 ...... 1,283 858 ...... 858 Other 533 (**) 533 7,398 (**) 7,398 1,853 (**) 1,853 Total--Internal Revenue Service 22,269 (**) 22,269 113,825 (**) 113,825 110,114 (**) 110,114 Comptroller of the Currency 79 523 -444 551 545 6 551 588 -37 Interest on the Public Debt: Interest on Treasury Debt Securities (Gross): Public Issues (Accrual Basis) 36,545 ...... 36,545 194,486 ...... 194,486 180,204 ...... 180,204 Special Issues (Cash Basis) 3,926 ...... 3,926 74,966 ...... 74,966 79,483 ...... 79,483 Total--Interest on Treasury Debt Securities (Gross) 40,471 ...... 40,471 269,452 ...... 269,452 259,687 ...... 259,687 Total--Interest on the Public Debt 40,471 ...... 40,471 269,452 ...... 269,452 259,687 ...... 259,687 Other 10 ...... 10 62 ...... 62 57 ...... 57 Proprietary Receipts from the Public ...... -730 730 ...... 3,197 -3,197 ...... 14,094 -14,094 Intrabudgetary Transactions -317 ...... -317 -1,120 ...... -1,120 -1,227 ...... -1,227 Total--Department of the Treasury 63,519 422 63,096 388,887 5,262 383,625 374,269 15,944 358,325Department of Veterans Affairs: Joint DOD-VA Medical Facility Demonstration Fund 37 ...... 37 223 ...... 223 217 ...... 217 Veterans Health Administration: Veterans Choice Fund, Veterans Health Administration 16 ...... 16 114 ...... 114 2,194 ...... 2,194 Medical Services 6,311 ...... 6,311 35,854 ...... 35,854 30,913 ...... 30,913 Medical Support and Compliance 585 ...... 585 3,718 ...... 3,718 3,326 ...... 3,326 Medical Facilities 553 ...... 553 3,158 ...... 3,158 2,938 ...... 2,938 Other 108 37 70 671 236 435 619 239 380 Benefits Programs: Public Enterprise Funds: Housing Accounts (**) 1 -1 1 5 -4 (**) 6 -5 Other 82 80 2 412 866 -454 455 460 -5 Compensation and Pensions 1,006 ...... 1,006 53,655 ...... 53,655 48,758 ...... 48,758 Readjustment Benefits 593 ...... 593 7,271 ...... 7,271 7,420 ...... 7,420 Veterans Housing Benefit Program Fund 65 ...... 65 70 ...... 70 130 ...... 130 Insurance Funds: National Service Life 61 ...... 61 324 ...... 324 353 ...... 353 Veterans Special Life 17 1 16 103 33 71 92 37 55 Other 11 ...... 11 55 ...... 55 51 ...... 51 Total--Benefits Programs 1,835 82 1,753 61,890 903 60,988 57,260 503 56,757 Departmental Administration: Construction 85 ...... 85 461 ...... 461 636 ...... 636 Information Technology Systems 339 ...... 339 2,179 ...... 2,179 2,104 ...... 2,104 General Operating Expenses 337 (**) 337 1,582 (**) 1,582 1,785 (**) 1,785 Other 158 ...... 158 1,208 ...... 1,208 894 ...... 894 Proprietary Receipts from the Public: National Service Life ...... 3 -3 ...... 19 -19 ...... 14 -14 Other ...... 2,945 -2,945 ...... 5,072 -5,072 ...... 5,493 -5,493 Intrabudgetary Transactions -2 ...... -2 9 ...... 9 -4 ...... -4 Total--Department of Veterans Affairs 10,361 3,068 7,294 111,066 6,230 104,836 102,883 6,250 96,633Corps of Engineers: Construction 271 ...... 271 1,331 ...... 1,331 806 ...... 806 Operation and Maintenance -187 ...... -187 1,393 ...... 1,393 1,610 ...... 1,610 Flood Control and Coastal Emergencies 81 ...... 81 369 ...... 369 361 ...... 361 Harbor Maintenance Trust Fund 524 ...... 524 524 ...... 524 ...... ...... ...... Rivers and Harbors Contributed Funds 59 ...... 59 282 ...... 282 207 ...... 207 Other 104 ...... 104 787 ...... 787 775 ...... 775 Proprietary Receipts from the Public ...... 58 -58 ...... 319 -319 ...... 330 -330 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) (**) ...... (**) Total--Corps of Engineers 853 58 795 4,686 319 4,368 3,760 330 3,429Other Defense Civil Programs: Military Retirement: Payment to Military Retirement Fund ...... ...... ...... 91,873 ...... 91,873 87,996 ...... 87,996

19

This Month







Other Defense Civil Programs: - Continued Military Retirement Fund 445 ...... 445 31,002 ...... 31,002 30,142 ...... 30,142 Retiree Health Care: Payment to Department of Defense Medicare-Eligible Retiree Health Care Fund ...... ...... ...... 6,637 ...... 6,637 5,720 ...... 5,720 Department of Defense Medicare-Eligible Retiree Health Care Fund 789 ...... 789 5,531 ...... 5,531 5,198 ...... 5,198 Educational Benefits 20 ...... 20 109 ...... 109 117 ...... 117 Other 29 ...... 29 158 ...... 158 152 ...... 152 Proprietary Receipts from the Public ...... 2 -2 ...... 12 -12 ...... 11 -11 Intrabudgetary Transactions -765 ...... -765 -102,731 ...... -102,731 -96,714 ...... -96,714 Total--Other Defense Civil Programs 517 2 515 32,579 12 32,567 32,610 11 32,599Environmental Protection Agency: Science and Technology 73 ...... 73 356 ...... 356 321 ...... 321 Environmental Programs and Management 219 ...... 219 1,202 ...... 1,202 1,198 ...... 1,198 State and Tribal Assistance Grants 280 ...... 280 2,380 ...... 2,380 2,277 ...... 2,277 Payment to the Hazardous Substance Superfund ...... ...... ...... 1,076 ...... 1,076 1,084 ...... 1,084 Hazardous Substance Superfund 162 ...... 162 767 ...... 767 658 ...... 658 Other -17 2 -19 81 43 38 86 33 54 Proprietary Receipts from the Public ...... -27 27 ...... 89 -89 ...... 107 -107 Intrabudgetary Transactions -48 ...... -48 -1,056 ...... -1,056 -1,058 ...... -1,058 Offsetting Governmental Receipts ...... 4 -4 ...... 14 -14 ...... 12 -12 Total--Environmental Protection Agency 669 -21 690 4,806 146 4,661 4,566 152 4,415Executive Office of the President: The White House 4 ...... 4 30 ...... 30 25 ...... 25 Office of Management and Budget 8 ...... 8 53 ...... 53 51 ...... 51 Unanticipated Needs 2 ...... 2 11 ...... 11 10 ...... 10 Other 18 ...... 18 118 ...... 118 108 ...... 108 Proprietary Receipts from the Public ...... (**) (**) ...... (**) (**) ...... (**) (**) Intrabudgetary Transactions (**) ...... (**) -15 ...... -15 (**) ...... (**) Total--Executive Office of the President 33 (**) 33 196 (**) 196 195 (**) 195General Services Administration: Real Property Activities -45 ...... -45 347 ...... 347 -433 ...... -433 Supply and Technology Activities 3 ...... 3 -107 ...... -107 -213 ...... -213 General Activities 20 ...... 20 133 ...... 133 115 ...... 115 Proprietary Receipts from the Public ...... -20 20 ...... 23 -23 ...... 11 -11 Intrabudgetary Transactions (**) ...... (**) -5 ...... -5 -5 ...... -5 Total--General Services Administration -23 -20 -3 368 23 345 -537 11 -548International Assistance Programs: Millennium Challenge Corporation 67 ...... 67 297 ...... 297 366 ...... 366 International Security Assistance: Foreign Military Financing Program 166 ...... 166 5,241 ...... 5,241 5,057 ...... 5,057 Economic Support Fund 232 ...... 232 2,260 ...... 2,260 2,510 ...... 2,510 Other 107 (**) 107 668 7 661 685 7 678 Total--International Security Assistance 505 (**) 505 8,170 7 8,162 8,252 7 8,245 Multilateral Assistance: Contribution to the International Development Association 1,097 ...... 1,097 1,097 ...... 1,097 ...... ...... ...... Other 392 ...... 392 677 ...... 677 309 ...... 309 Total--Multilateral Assistance 1,489 ...... 1,489 1,774 ...... 1,774 309 ...... 309 Agency for International Development: Development Assistance Program 186 ...... 186 1,177 ...... 1,177 1,139 ...... 1,139 Assistance for Europe, Eurasia and Central Asia 49 ...... 49 341 ...... 341 268 ...... 268 International Disaster Assistance 203 ...... 203 2,219 ...... 2,219 1,667 ...... 1,667 Operating Expenses 85 ...... 85 631 ...... 631 650 ...... 650 Other 210 ...... 210 229 110 119 114 145 -32 Proprietary Receipts from the Public ...... (**) (**) ...... 27 -27 ...... 149 -149 Intrabudgetary Transactions -3 ...... -3 -8 ...... -8 -3 ...... -3 Total--Agency for International Development 731 (**) 730 4,590 138 4,452 3,834 294 3,540 Overseas Private Investment Corporation: Overseas Private Investment Corporation Accounts (**) ...... (**) 36 41 -5 67 73 -6 Proprietary Receipts from the Public ...... ...... ...... ...... 57 -57 ...... 132 -132 Total--Overseas Private Investment Corporation (**) ...... (**) 36 98 -62 67 205 -139

20

This Month







International Assistance Programs: - Continued Peace Corps 63 (**) 63 252 1 251 186 (**) 187 Military Sales Program: Foreign Military Sales Trust Fund 3,564 ...... 3,564 17,912 ...... 17,912 16,784 ...... 16,784 Other 3 ...... 3 88 3 85 76 (**) 76 Proprietary Receipts from the Public ...... 1,053 -1,053 ...... 20,457 -20,457 ...... 22,813 -22,813 Other 17 13 4 91 131 -41 46 1 44 Total--International Assistance Programs 6,439 1,067 5,372 33,209 20,835 12,374 29,920 23,321 6,598National Aeronautics and Space Administration: Science 572 ...... 572 3,268 ...... 3,268 2,981 ...... 2,981 Aeronautics 67 ...... 67 411 ...... 411 334 ...... 334 Exploration 517 ...... 517 2,474 ...... 2,474 2,141 ...... 2,141 Cross Agency Support 253 ...... 253 1,355 ...... 1,355 1,372 ...... 1,372 Space Operations 314 ...... 314 2,230 ...... 2,230 2,276 ...... 2,276 Other 140 ...... 140 806 ...... 806 638 ...... 638 Proprietary Receipts from the Public ...... (**) (**) ...... 19 -19 ...... 1 -1 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) -1 ...... -1 Total--National Aeronautics and Space Administration 1,864 (**) 1,864 10,544 19 10,524 9,741 1 9,740National Science Foundation: Research and Related Activities 424 ...... 424 2,711 ...... 2,711 2,666 ...... 2,666 Education and Human Resources 74 ...... 74 471 ...... 471 460 ...... 460 Other 47 ...... 47 309 ...... 309 255 ...... 255 Proprietary Receipts from the Public ...... 8 -8 ...... 17 -17 ...... 23 -23 Total--National Science Foundation 545 8 538 3,490 17 3,474 3,381 23 3,358Office of Personnel Management: Government Payment for Annuitants, Employees Health and Life Insurance Benefits 1,126 ...... 1,126 6,455 ...... 6,455 6,548 ...... 6,548 Postal Service Retiree Health Benefits Fund 327 ...... 327 1,929 ...... 1,929 1,872 ...... 1,872 Civil Service Retirement and Disability Fund 7,544 ...... 7,544 45,330 ...... 45,330 44,008 ...... 44,008 Employees Life Insurance Fund 293 296 -3 1,595 1,900 -305 1,572 2,195 -623 Employees and Retired Employees Health Benefits Fund 4,627 4,648 -21 29,063 28,221 841 27,442 27,900 -458 Other 21 ...... 21 23 ...... 23 164 ...... 164 Proprietary Receipts from the Public ...... (**) (**) ...... 1 -1 ...... 2 -2 Intrabudgetary Transactions: Postal Service Contributions -3 ...... -3 -600 ...... -600 -637 ...... -637 Civil Service Retirement and Disability Fund: Other -3 ...... -3 -18 ...... -18 -20 ...... -20 Total--Office of Personnel Management 13,931 4,944 8,988 83,776 30,122 53,654 80,948 30,097 50,851Small Business Administration: Salaries and Expenses -704 ...... -704 -570 (**) -570 223 (**) 223 Business Loans Program 59 (**) 59 230 (**) 230 242 (**) 242 Disaster Loans Program 833 (**) 833 865 (**) 865 268 (**) 268 Other 15 2 13 140 10 130 128 11 117 Proprietary Receipts from the Public ...... 1,257 -1,257 ...... 1,257 -1,257 ...... 945 -945 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) (**) ...... (**) Total--Small Business Administration 203 1,259 -1,056 665 1,268 -603 861 957 -96Social Security Administration: Payments to Social Security Trust Funds 21 ...... 21 19,223 ...... 19,223 17,884 ...... 17,884 Supplemental Security Income Program 685 ...... 685 30,303 ...... 30,303 29,760 ...... 29,760 Federal Old-Age and Survivors Insurance Trust Fund (Off-Budget): Benefit Payments 78,758 ...... 78,758 463,846 ...... 463,846 436,576 ...... 436,576 Administrative Expenses 261 ...... 261 1,845 ...... 1,845 1,954 ...... 1,954 Total--Federal Old-Age and Survivors Insurance Trust Fund (Off-Budget) 79,020 ...... 79,020 465,692 ...... 465,692 438,531 ...... 438,531 Federal Disability Insurance Trust Fund (Off-Budget): Benefit Payments 12,306 ...... 12,306 72,296 ...... 72,296 72,159 ...... 72,159 Administrative Expenses 234 ...... 234 1,227 ...... 1,227 1,332 ...... 1,332 Total--Federal Disability Insurance Trust Fund (Off-Budget) 12,540 ...... 12,540 73,523 ...... 73,523 73,492 ...... 73,492 Other 4 ...... 4 84 ...... 84 76 ...... 76 Proprietary Receipts from the Public: On-Budget ...... 304 -304 ...... 1,371 -1,371 ...... 1,362 -1,362

21

This Month







Social Security Administration: - Continued Off-Budget ...... 75 -75 ...... 105 -105 ...... 71 -71 Intrabudgetary Transactions: Off-Budget 2 -21 ...... -21 -19,222 ...... -19,222 -17,883 ...... -17,883 Total--Social Security Administration 92,249 380 91,869 569,602 1,475 568,127 541,859 1,433 540,426Independent Agencies: Broadcasting Board of Governors 40 (**) 40 377 (**) 377 386 (**) 386 Bureau of Consumer Financial Protection 45 ...... 45 243 (**) 243 232 (**) 232 Corporation for National and Community Service 73 (**) 73 481 (**) 481 461 1 460 Corporation for Public Broadcasting ...... ...... ...... 465 ...... 465 465 ...... 465 District of Columbia: Courts 31 ...... 31 162 ...... 162 155 (**) 155 General and Special Payments 45 (**) 45 397 41 356 324 36 288 Equal Employment Opportunity Commission 28 (**) 27 203 1 202 188 1 186 Export-Import Bank of the United States 8 (**) 8 55 (**) 55 44 -6 50 Federal Communications Commission: Universal Service Fund 653 ...... 653 3,971 ...... 3,971 4,879 ...... 4,879 Other 204 2 202 1,012 15 997 309 12 297 Federal Deposit Insurance Corporation: Deposit Insurance Fund -1,312 ...... -1,312 -2,175 ...... -2,175 -4,391 ...... -4,391 FSLIC Resolution Fund (**) (**) (**) 1 9 -8 (**) 10 -10 Total--Federal Deposit Insurance Corporation -1,312 (**) -1,313 -2,174 9 -2,183 -4,391 10 -4,401 Federal Drug Control Programs 25 ...... 25 165 ...... 165 129 ...... 129 Federal Housing Finance Agency 21 ...... 21 144 ...... 144 130 ...... 130 Institute of Museum and Library Services 15 ...... 15 111 (**) 111 110 (**) 110 Intelligence Community Management Account 39 ...... 39 264 ...... 264 298 ...... 298 Legal Services Corporation 109 ...... 109 327 ...... 327 193 ...... 193 National Archives and Records Administration 34 2 32 223 17 206 191 8 183 National Credit Union Administration 33 14 18 467 1,492 -1,024 419 714 -294 National Endowment for the Arts 16 (**) 16 80 1 79 75 (**) 75 National Endowment for the Humanities 13 (**) 13 71 (**) 70 64 1 63 National Labor Relations Board 22 (**) 22 136 (**) 136 132 (**) 132 Nuclear Regulatory Commission 69 2 67 455 367 88 443 377 66 Postal Service: Off-Budget: Public Enterprise Funds 5,371 5,830 -459 47,062 47,665 -603 48,720 49,544 -824 Other ...... ...... ...... 267 ...... 267 265 ...... 265 Other ...... ...... ...... 57 ...... 57 55 ...... 55 Railroad Retirement Board: Federal Windfall Subsidy 1 ...... 1 7 ...... 7 9 ...... 9 Federal Payments to the Railroad Retirement Accounts (**) ...... (**) 343 ...... 343 400 ...... 400 Railroad Unemployment Insurance Trust Fund: Benefit Payments 13 ...... 13 73 ...... 73 46 ...... 46 Transfer To Administrative Funds 1 ...... 1 9 ...... 9 12 ...... 12 Rail Industry Pension Fund: Benefit Payments 446 ...... 446 2,786 ...... 2,786 2,765 ...... 2,765 OASDI Certifications (**) ...... (**) -1 ...... -1 -1 ...... -1 Transfer to Administrative Funds 8 ...... 8 49 ...... 49 53 ...... 53 Other (**) ...... (**) 32 ...... 32 (**) ...... (**) National Railroad Retirement Investment Trust: Administrative Expenses 2 ...... 2 26 ...... 26 33 ...... 33 Transfers to the Railroad Retirement Trust Funds from the National Railroad Retirement Investment Trust 238 ...... 238 1,090 ...... 1,090 999 ...... 999 Railroad Social Security Equivalent Benefit Account: Benefit Payments 608 ...... 608 3,777 ...... 3,777 3,680 ...... 3,680 Transfer To Administrative Funds 3 ...... 3 16 ...... 16 19 ...... 19 Other (**) ...... (**) -20 ...... -20 -29 ...... -29 Proprietary Receipts from the Public ...... -1,140 1,140 ...... 359 -359 ...... -377 377 Intrabudgetary Transactions: Other -239 ...... -239 -1,433 ...... -1,433 -1,400 ...... -1,400 Total--Railroad Retirement Board 1,081 -1,140 2,221 6,755 359 6,396 6,585 -377 6,962 Securities and Exchange Commission -426 -4 -421 315 1 313 463 4 459 Smithsonian Institution 113 ...... 113 596 (**) 596 511 (**) 511 Tennessee Valley Authority 5,097 4,669 428 28,669 28,970 -301 21,581 22,273 -692 Other 740 38 702 2,471 416 2,056 2,271 465 1,805 Total--Independent Agencies 12,186 9,414 2,772 93,828 79,354 14,474 85,688 73,063 12,625

22

This Month







Undistributed Offsetting Receipts: Other Interest (**) ...... (**) (**) (**) -1 ...... (**) (**) Employer Share, Employee Retirement: Department of Health and Human Services: Federal Hospital Insurance Trust Fund: Federal Employer Contributions -330 ...... -330 -1,971 ...... -1,971 -1,912 ...... -1,912 Postal Service Employer Contributions -54 ...... -54 -333 ...... -333 -322 ...... -322 Department of State: Foreign Service Retirement and Disability Fund -29 ...... -29 -185 ...... -185 -181 ...... -181 Other Defense Civil Programs: Military Retirement Fund -1,817 ...... -1,817 -19,165 ...... -19,165 -18,025 ...... -18,025 Department of Defense Medicare-Eligible Retiree Health Care Fund ...... ...... ...... -8,050 ...... -8,050 -7,763 ...... -7,763 Office of Personnel Management: Civil Service Retirement and Disability Fund -2,914 ...... -2,914 -18,251 ...... -18,251 -15,419 ...... -15,419 Social Security Administration: Federal Old-Age and Survivors Insurance Trust Fund: Federal Employer Contributions -1,382 ...... -1,382 -7,740 ...... -7,740 -7,283 ...... -7,283 Federal Disability Insurance Trust Fund: Federal Employer Contributions -234 ...... -234 -1,314 ...... -1,314 -1,466 ...... -1,466 Other (**) ...... (**) -2 ...... -2 -2 ...... -2 Total--Employer Share, Employee Retirement -6,760 ...... -6,760 -57,012 ...... -57,012 -52,372 ...... -52,372 Interest Received by Trust Funds: Judicial Branch: Judicial Survivors Annuity Fund -1 ...... -1 -10 ...... -10 -4 ...... -4 Department of Health and Human Services: Federal Hospital Insurance Trust Fund -5 ...... -5 -3,025 ...... -3,025 -3,456 ...... -3,456 Federal Supplementary Medical Insurance Trust Fund -5 ...... -5 -1,197 ...... -1,197 -1,342 ...... -1,342 Department of Homeland Security: Oil Spill Liability Trust Fund 7 ...... 7 -45 ...... -45 -69 ...... -69 Other (**) ...... (**) -21 ...... -21 -16 ...... -16 Department of Labor: Unemployment Trust Fund -23 ...... -23 -1,053 ...... -1,053 -861 ...... -861 Department of State: Foreign Service Retirement and Disability Fund (**) ...... (**) -267 ...... -267 -276 ...... -276 Department of Transportation: Airport and Airway Trust Fund -1 ...... -1 -193 ...... -193 -167 ...... -167 Department of Veterans Affairs: National Service Life Insurance Fund (**) ...... (**) -45 ...... -45 -56 ...... -56 United States Government Life Insurance Fund (**) ...... (**) (**) ...... (**) (**) ...... (**) Corps of Engineers -10 ...... -10 -91 ...... -91 -102 ...... -102 Other Defense Civil Programs: Military Retirement Fund -2,540 ...... -2,540 -7,505 ...... -7,505 -5,200 ...... -5,200 Educational Benefits Fund -3 ...... -3 -10 ...... -10 -4 ...... -4 Armed Forces Retirement Home (**) ...... (**) -1 ...... -1 -1 ...... -1 Environmental Protection Agency -62 ...... -62 -72 ...... -72 -59 ...... -59 Office of Personnel Management: Civil Service Retirement and Disability Fund -20 ...... -20 -12,709 ...... -12,709 -12,954 ...... -12,954 Social Security Administration: Federal Old-Age and Survivors Insurance Trust Fund -41 ...... -41 -38,178 ...... -38,178 -39,918 ...... -39,918 Federal Disability Insurance Trust Fund -4 ...... -4 -1,417 ...... -1,417 -1,408 ...... -1,408 Independent Agencies: Railroad Retirement Board -7 ...... -7 -42 ...... -42 -26 ...... -26 Other -7 ...... -7 -25 ...... -25 -13 ...... -13 Other -45 ...... -45 -370 ...... -370 -560 ...... -560 Total--Interest Received by Trust Funds -2,767 ...... -2,767 -66,275 ...... -66,275 -66,491 ...... -66,491 Rents and Royalties on the Outer Continental Shelf Lands ...... 631 -631 ...... 2,634 -2,634 ...... 3,253 -3,253 Spectrum Auction Proceeds ...... ...... ...... ...... ...... ...... -1,155 ...... -1,155 Total--Undistributed Offsetting Receipts -9,527 631 -10,159 -123,288 2,634 -125,922 -120,018 3,254 -123,272Total Outlays 395,375 39,484 355,891 2,598,960 251,853 2,347,107 2,453,071 254,604 2,198,468 Total On-Budget 300,126 33,579 266,547 2,080,288 204,083 1,876,205 1,960,021 204,989 1,755,032 Total Off-Budget 95,249 5,905 89,344 518,671 47,770 470,901 493,050 49,615 443,435Total Surplus (+) or Deficit (-) -119,125 -743,590 -691,174 Total On-Budget -113,479 -733,041 -683,141 Total Off-Budget -5,646 -10,549 -8,034

23


MEMORANDUMReceipts Offset Against Outlays (In Millions)

Current ComparableFiscal Year to Period Prior

Date Fiscal YearProprietary Receipts 115,828 126,797Intrabudgetary Transactions 437,447 409,869Governmental Receipts 6,931 7,740 Total Receipts Offset Against Outlays 560,206 544,406

1 Applicable Receipts increased by $57 million due to additional reporting for the checks.month of February 2020. Note: Details may not add to totals due to rounding.

2 Includes FICA and SECA tax credits, non-contributory military service credits, ... No Transactionsspecial benefits for the aged and credit for the unnegotiated OASI benefit (**) Less than absolute value of $500,000

24

Assets and Liabilities

This Year This Month

Directly Related toBudget Off-Budget Activity This Month

Net Transactions(-) denotes net reduction of either

liability or asset accountsAccount BalancesCurrent Fiscal Year

Close ofThis Month

Fiscal Year to Date Beginning ofThis Year Prior Year

Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, March 2020 and Other Periods[$ millions]

Liability Accounts: Borrowing from the Public: Treasury Securities, Issued Under General Financing Authorities: Debt Held by the Public 261,721 865,679 443,237 16,809,091 17,413,049 17,674,770 Intragovernmental Holdings 15,190 101,790 68,584 5,910,309 5,996,909 6,012,100 Total Treasury Securities Outstanding 276,912 967,469 511,822 22,719,402 23,409,959 23,686,871 Plus Premium on Treasury Securities 3,875 3,655 1,695 32,781 32,561 36,436 Less Discount on Treasury Securities -2,590 6,567 3,895 105,621 114,779 112,189 Total Treasury Securities Net of Premium and Discount 283,377 964,557 509,623 22,646,560 23,327,740 23,611,117 Agency Securities, Issued Under Special Financing Authorities (See Schedule B; for Other Agency Borrowing, See Schedule C) 428 -271 -621 21,455 20,755 21,184 Total Federal Securities 283,805 964,286 509,002 22,668,015 23,348,496 23,632,301 Deduct: Federal Securities Held as Investments of Government Accounts (See Schedule D) 15,031 101,611 66,777 5,893,424 5,980,003 5,995,035 Less Discount on Federal Securities Held as Investments of Government Accounts -810 -1,629 1,189 28,201 27,382 26,572 Net Federal Securities Held as Investments of Government Accounts 15,841 103,239 65,588 5,865,224 5,952,621 5,968,463 Total Borrowing from the Public 267,964 861,047 443,414 16,802,792 17,395,874 17,663,838 Accrued Interest Payable to the Public 5,889 848 5,484 73,285 68,244 74,133 Allocations of Special Drawing Rights -299 53 -247 48,146 48,498 48,199 Uninested Balances, Deposit Funds 3,275 5,202 217,462 26,129 128,056 31,331 Miscellaneous Liability Accounts (Includes Checks Outstanding Etc.) -109 16,848 3,958 8,483 25,440 25,331 Total Liability Accounts 276,720 883,998 670,070 16,958,835 17,566,112 17,842,832Asset Accounts (Deduct) Cash and Monetary Assets: U.S. Treasury Operating Cash: Federal Reserve Account 2 158,006 132,774 -50,700 382,483 357,251 515,257 Balance 158,006 132,774 -50,700 382,483 357,251 515,257 Special Drawing Rights: Total Holdings -312 159 -152 49,976 50,447 50,136 SDR Certificates Issued to Federal Reserve Banks ...... ...... ...... -5,200 -5,200 -5,200 Balance -312 159 -152 44,776 45,247 44,936 Reserve Position on the U.S. Quota in the IMF: U.S. Subscription to International Monetary Fund: Direct Quota Payments ...... ...... ...... 111,629 111,629 111,629 Maintenance of Value Adjustments -704 124 -581 1,517 2,345 1,641 Letter of Credit Issued to IMF 152 371 3,665 -91,228 -91,009 -90,857 Dollar Deposits with the IMF 46 16 -1 -304 -334 -288 Receivable/Payable (-) for Interim Maintenance of Value Adjustments 561 -100 508 1,341 680 1,241 Balance 55 411 3,591 22,955 23,311 23,366 Loans to International Monetary Fund -361 -610 -1,645 2,759 2,510 2,149 Other Cash and Monetary Assets -256 -476 -51 26,541 26,322 26,066 Total Cash and Monetary Assets 157,132 132,258 -48,957 479,515 454,641 611,774 Non-Federal Securities of the National Railroad Retirement Investment Trust -1,381 -680 -1,185 24,058 24,759 23,378 Net Activity, Guaranteed Loan Financing (See Schedule E) 3,617 3,144 6,683 32,488 32,014 35,632 Net Activity, Direct Loan Financing (See Schedule E) -3,008 4,510 21,928 1,414,936 1,422,455 1,419,446 Miscellaneous Asset Accounts 1,051 1,132 213 -961 -881 170 Total Asset Accounts 157,412 140,364 -21,317 1,950,036 1,932,988 2,090,400Excess of Liabilities (+) or Assets (-) 119,308 743,634 691,388 15,008,798 15,633,124 15,752,432Transactions Not Applied to Current Year's Surplus or Deficit (See Schedule A for Details) -183 -44 -213 ...... 139 -44Total Budget and Off-Budget Federal Entities (Financing of Deficit (+) or Disposition of Surplus (-)) 119,125 743,590 691,174 15,008,798 15,633,263 15,752,388

1 The balance decreased by $57 million due to additional reporting by the Public Debt. Information is presented on a modified cash basis. Deposits areDepartment of the Interior for February 2020. reflected as received and withdrawals are reflected as processed.

2 Major sources of information used to determine Treasury's operating cash balance Note: Details may not add to totals due to rounding.include Federal Reserve Banks, Treasury Regional Finance Centers, Internal ... No TransactionsRevenue Service Centers, various electronic systems, and information on the

25

Classification This MonthFiscal Year to Date

This Year Prior Year

Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, March 2020 and Other Periods[$ millions]

Excess of Liabilities Beginning of Period: Based on Composition of Unified Budget in Preceding Period 15,633,124 15,008,728 14,164,924 Adjustments During Current Fiscal Year for Changes in Composition of Unified Budget: Revisions by Federal Agencies to the Prior Budget Results ...... ...... -140,646 Excess of Liabilities Beginning of Period (Current Basis) 15,633,124 15,008,728 14,024,278 Budget Surplus (-) or Deficit: Based on Composition of Unified Budget in Prior Fiscal Year 119,125 743,590 691,174 Total Surplus (-) or Deficit (Table 2) 119,125 743,590 691,174 Total-On-Budget (Table 2) 113,479 733,041 683,141 Total-Off-Budget (Table 2) 5,646 10,549 8,034 Transactions Not Applied to Current Year's Surplus or Deficit: Premium/Discount on Buyback of U.S. Treasury Securities ...... (**) -2 Other 183 44 215 Total-Transactions Not Applied to Current Year's Surplus or Deficit 183 44 213 Excess of Liabilities Close of Period 15,752,432 15,752,432 14,715,665

Note: Details may not add to totals due to rounding. (**) Less than absolute value of $500,000... No Transactions

26

ClassificationThis Year This MonthThis Month

Transactions Account BalancesCurrent Fiscal Year

Close ofThis Month


Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,March 2020 and Other Periods

[$ millions]

Borrowing from the US Treasury: Department of Agriculture: Farm Service Agency: Commodity Credit Corporation -83 -3,808 9,806 24,862 21,137 21,054 Agricultural Credit Insurance Fund -1,190 -76 -1,243 13,084 14,198 13,007 Farm Storage Facility Loans -51 69 86 1,067 1,187 1,136 Apple Loans Fund ...... ...... ...... (**) (**) (**) Emergency Boll Weevil Loan Fund ...... -1 -1 4 3 3 Rural Housing Service: Rural Housing Insurance -15 444 402 18,783 19,241 19,227 Rural Community Facility Loans Fund -610 -40 723 10,368 10,938 10,328 Multifamily Housing Revitalization Loan Account -19 13 -9 454 485 466 Rural Business - Cooperative Service: Rural Business and Industry Loans -59 -59 -12 88 88 30 Rural Development Loan Fund -22 -17 -2 304 309 287 Rural Economic Development Loan Fund -35 -25 10 221 231 196 Renewable Energy Guaranteed Loan Account -1 -1 (**) 1 1 (**) Rural Microenterprise Investment Loans -3 -2 -1 44 44 41 Biorefinery Assistance Loan Account -2 -2 -13 2 2 ...... Rural Utilities Service: Rural Water and Waste Disposal Fund -498 -85 286 13,270 13,683 13,185 Rural Electrification and Telecommunications Fund -577 -470 301 6,865 6,971 6,394 Rural Telephone Bank -29 -29 -3 118 118 90 Distance Learning and Telemedicine Program -193 -190 -10 788 791 598 Foreign Agricultural Service ...... ...... ...... 432 432 432 Department of Commerce: National Oceanic and Atmospheric Administration: Fisheries Finance 1 12 5 395 406 407 Department of Defense--Military Programs: Family Housing Improvement Loans ...... ...... 25 1,714 1,714 1,714 Department of Education: College Housing and Academic Facilities Loans ...... (**) ...... 16 16 16 Federal Direct Student Loans 17,530 81,206 77,843 1,211,865 1,275,541 1,293,071 Teach Grant Loans 7 44 35 651 688 695 Temporary Student Loan Purchase Authority ...... -395 -872 39,713 39,317 39,317 Federal Family Education Loans ...... ...... ...... 35,265 35,265 35,265 Department of Energy: Bonneville Power Administration Fund ...... 250 -232 5,280 5,530 5,530 Western Area Power Administration - Recovery Act ...... ...... ...... 76 76 76 Title 17 Innovative Technology Loans ...... 33 159 748 782 782 Department of Health and Human Services: Consumer Operated and Oriented Plan ...... ...... ...... 149 149 149 Consumer Operated and Oriented Plan Program Contingency Fund ...... ...... ...... 58 58 58 Department of Homeland Security: National Flood Insurance Fund ...... ...... ...... 20,525 20,525 20,525 Disaster Assistance Loan Fund 1 1 2 71 72 72 Department of Housing and Urban Development: Public and Indian Housing Programs: Low-Rent Public Housing - Loans and Other Expenses ...... ...... ...... 12 12 12 Native Hawaiian Housing Loans ...... 1 (**) 2 3 3 Housing Programs: Federal Housing Administration 14,336 14,336 25 30,386 30,386 44,722 Green Retrofit Program for Multifamily Housing-Recovery Act ...... ...... ...... 10 10 10 Department of the Interior: Bureau of Indian Affairs and Bureau of Indian Education ...... ...... ...... 5 5 5 Bureau of Reclamation Loan Fund ...... ...... ...... 29 29 29 Assistance to American Samoa Loan Fund ...... (**) (**) 8 8 8 Department of Labor: Black Lung Disability Trust Fund ...... 110 ...... 4,419 4,529 4,529 Department of State: Repatriation Loans ...... 2 2 3 5 5

27



Close ofThis Month


Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,March 2020 and Other Periods - Continued

[$ millions]

Borrowing from the US Treasury: - Continued Department of Transportation: Federal Highway Administration: Transportation Infrastructure Finance and Innovation Fund 80 843 855 19,445 20,207 20,288 Federal Railroad Administration: Railroad Rehabilitation and Improvement Loan Fund ...... (**) 17 1,187 1,187 1,187 Other ...... ...... ...... (**) (**) (**) Maritime Administration: Maritime Guaranteed Loan (Title XI) Fund ...... ...... 2 125 125 125 Department of the Treasury: Departmental Offices: Community Development Financial Institutions Fund 1 2 5 96 98 99 Temporary Credit and Liquidity Program ...... ...... ...... 3,709 3,709 3,709 Troubled Asset Relief Program ...... -2 -18 35 32 32 Small Business Lending Financing Fund ...... ...... ...... 153 153 153 Federal Financing Bank Revolving Fund 850 2,769 1,295 63,751 65,670 66,520 Department of Veterans Affairs: Veterans Housing Benefit Program Fund ...... 50 104 492 542 542 Native American Veteran Housing Fund ...... 4 3 73 77 77 Vocational Rehabilitation Loan Fund ...... 2 2 1 3 3 Corps of Engineers: Washington Aqueduct (**) (**) (**) (**) (**) (**) Environmental Protection Agency: Water Infrastructure Finance and Innovation Loan Program 1 165 (**) (**) 164 165 International Assistance Programs: International Security Assistance: Foreign Military Loan Program ...... ...... ...... 3,066 3,066 3,066 Military Debt Reduction ...... ...... ...... 48 48 48 Agency for International Development: Development Credit Authority Loan Fund ...... ...... ...... 8 8 8 Overseas Private Investment Corporation ...... -3,829 449 3,829 ...... ...... United States International Development Finance Corporation 86 4,251 ...... ...... 4,165 4,251 Small Business Administration: Business Loan Fund 10 9 4 2,220 2,219 2,229 Disaster Loan Fund 2,093 1,618 1,482 9,590 9,115 11,208 Independent Agencies: Export-Import Bank of the United States ...... ...... 45 16,946 16,946 16,946 Presidio Trust ...... ...... ...... 38 38 38 Railroad Retirement Board: Social Security Equivalent Benefit Account 352 2,152 2,096 3,934 5,734 6,086 Smithsonian Institution: John F. Kennedy Center Parking Facilities ...... ...... ...... 20 20 20 Other: Borrowing from the US Treasury - Other (**) (**) ...... ...... ...... (**) Total Borrowing from the US Treasury 31,963 99,354 93,655 1,570,919 1,638,310 1,670,273Borrowing from the Federal Financing Bank: Department of Agriculture: Rural Utilities Service: Rural Electrification and Telecommunications Fund 618 1,080 1,067 46,289 46,751 47,369 Department of Education: Historically Black College and University Capital Financing Fund 12 27 37 1,479 1,495 1,507 Department of Energy: Advanced Technology Vehicles Manufacturing Loans -148 -295 -295 1,618 1,470 1,323 Title 17 Innovative Technology Loans -4 793 1,565 12,804 13,601 13,597 Department of Health and Human Services: Health Maintenance Organization Loan and Loan Guarantee Fund ...... ...... ...... (**) (**) (**) Department of Housing and Urban Development: Housing Programs: Federal Housing Administration 10 296 149 1,969 2,256 2,265 Department of the Treasury: Departmental Offices:

28



Close ofThis Month


Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,March 2020 and Other Periods - Continued

[$ millions]

Borrowing from the Federal Financing Bank: - Continued Community Development Financial Institutions Fund 21 53 188 1,017 1,048 1,070 Department of Veterans Affairs: Guaranteed Transitional Housing Loans for Homeless Veterans ...... (**) (**) 4 4 4 Independent Agencies: Postal Service ...... ...... -2,200 11,000 11,000 11,000 Total Borrowing from the Federal Financing Bank 510 1,954 511 76,180 77,624 78,134

Note: Details may not add to totals due to rounding. these funds to agencies in lieu of agencies borrowing directly through TreasuryNote: This table includes lending by the Federal Financing Bank accomplished by or issuing their own securities.the purchase of agency financial assets, by the acquisition of agency debt ... No Transactionssecurities, and by direct loans on behalf of an agency. The Federal Financing (**) Less than absolute value of $500,000Bank borrows from Treasury and issues its own securities and in turn may loan

29

Securities Held as InvestmentsNet Purchases or Sales (-)Current Fiscal Year

Fiscal Year to Date Beginning of Close ofClassification

This MonthThis Year Prior Year This Year This Month This Month

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, March 2020 and Other Periods[$ millions]

Federal Funds: Department of Agriculture 12 12 -12 226 226 238 Department of Commerce -2 ...... ...... ...... 2 ...... Department of Defense--Military Programs: Defense Cooperation Account (**) (**) (**) 8 8 8 Department of Energy 82 198 -100 55,848 55,964 56,046 Department of Health and Human Services ...... 11,006 10,236 ...... 11,006 11,006 Department of Homeland Security -522 -313 303 1,525 1,734 1,212 Department of Housing and Urban Development: Housing Programs: Federal Housing Administration Fund -550 2,747 2,422 50,601 53,898 53,348 Government National Mortgage Association: Guarantees of Mortgage-Backed Securities -443 -336 -260 15,784 15,890 15,448 Department of the Interior -1,351 -1,130 34 9,921 10,142 8,792 Department of Justice (**) 7 -1,032 1,040 1,046 1,047 Department of Labor 284 3,467 3,969 37,020 40,203 40,488 Department of State: Foreign Service Retirement and Disability Fund (**) 5 3 23 28 28 Other ...... (**) (**) 15 15 15 Department of Transportation -367 -368 30 2,343 2,342 1,975 Department of the Treasury -60 92 208 23,842 23,993 23,933 Department of Veterans Affairs: Veterans Reopened Insurance Fund -2 -9 -8 84 77 75 Servicemen'S Group Life Insurance Fund ...... 453 (**) 301 754 754 Other Defense Civil Programs: Uniformed Services Retiree Health Care Fund 5 16,180 11,688 254,176 270,352 270,357 Office of Personnel Management: Postal Service Contributions -324 -1,329 -1,718 44,611 43,606 43,282 Independent Agencies: Federal Deposit Insurance Corporation: Deposit Insurance Fund 1,282 2,040 4,571 104,015 104,773 106,056 FSLIC Resolution Fund (**) 9 10 872 881 881 Federal Housing Finance Agency -18 19 12 71 108 90 National Credit Union Administration -20 1,019 306 15,736 16,775 16,755 Postal Service 587 511 -1,663 9,341 9,264 9,852 Tennessee Valley Authority ...... -25 (**) 25 ...... ...... Other Treasury Securities -89 -263 -459 11,501 11,327 11,238 Other -26 235 -211 8,581 8,842 8,816 Total Treasury Securities -1,519 34,229 28,330 647,510 683,259 681,739 Total Federal Funds -1,519 34,229 28,330 647,510 683,259 681,739Trust Funds: Legislative Branch: Library of Congress (**) (**) (**) 23 22 23 United States Tax Court ...... (**) (**) 13 13 13 Other -1 3 2 29 33 32 Judicial Branch: Judicial Retirement Funds -16 190 30 1,304 1,509 1,494 Department of Agriculture ...... ...... ...... 6 6 6 Department of Commerce 784 58 1,261 7,561 6,834 7,618 Department of Defense--Military Programs: Voluntary Separation Incentive Fund 12 14 12 89 91 103 Other -48 -47 231 1,735 1,736 1,688 Department of Health and Human Services: Federal Supplementary Medical Insurance Trust Fund 20,406 11,330 11,935 104,716 95,640 116,046 Other 6,015 -9,529 -7,462 202,509 186,966 192,981 Department of Homeland Security -49 -42 273 8,853 8,860 8,812 Department of the Interior 48 52 -11 36 40 88 Department of Labor: Unemployment Trust Fund -4,212 -5,776 -4,219 84,361 82,797 78,585 Other 8 9 -4 64 65 73 Department of State: Foreign Service Retirement and Disability Fund -52 260 144 19,318 19,630 19,578

30

Securities Held as InvestmentsNet Purchases or Sales (-)Current Fiscal Year

Fiscal Year to Date Beginning of Close ofClassification


Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, March 2020 and Other Periods - Continued[$ millions]

Trust Funds: - Continued Other (**) -1 1 46 45 45 Department of Transportation: Airport and Airway Trust Fund 150 929 1,008 15,018 15,796 15,947 Highway Trust Fund -675 -4,113 -3,434 28,192 24,754 24,079 Department of the Treasury 392 -74 26 3,578 3,113 3,505 Department of Veterans Affairs: General Post Fund, National Homes 12 (**) 9 119 107 120 National Service Life Insurance -60 -259 -283 2,456 2,258 2,197 United States Government Life Insurance Fund (**) (**) (**) 2 2 2 Veterans Special Life Insurance Fund -16 -70 -56 1,357 1,303 1,287 Corps of Engineers 59 300 1,109 9,454 9,695 9,754 Other Defense Civil Programs: Military Retirement Fund 4,263 97,071 81,888 827,414 920,221 924,484 Other -17 -52 -60 1,158 1,123 1,106 Environmental Protection Agency -127 518 614 6,024 6,669 6,542 National Aeronautics and Space Administration (**) -1 -1 16 15 15 Office of Personnel Management: Civil Service Retirement and Disability Fund Treasury Securities -4,207 -11,830 -37,511 939,703 932,079 927,873 Employees Life Insurance Fund 3 277 919 48,199 48,472 48,475 Employees and Retired Employees Health Benefits Fund 20 -884 649 27,802 26,899 26,918 Social Security Administration: Federal Old-Age and Survivors Insurance Trust Fund -6,017 -7,815 -11,965 2,804,396 2,802,598 2,796,581 Federal Disability Insurance Trust Fund 45 -2,892 3,455 96,520 93,582 93,627 Independent Agencies: Harry S Truman Scholarship Foundation -5 -10 -1 51 46 41 Japan-United States Friendship Commission ...... ...... -1 35 35 35 Railroad Retirement Board Treasury Securities 38 -265 -120 2,606 2,303 2,341 Other Treasury Securities -204 33 3 1,149 1,386 1,182 Total Treasury Securities 16,551 67,382 38,446 5,245,914 5,296,745 5,313,296 Total Trust Funds 16,551 67,382 38,446 5,245,914 5,296,745 5,313,296Grand Total 15,031 101,611 66,777 5,893,424 5,980,003 5,995,035

Note: Details may not add to totals due to rounding. ... No TransactionsNote: Investments are in Treasury securities unless otherwise noted. (**) Less than absolute value of $500,000

31

Net Transactions(-) denotes net reduction of Account Balances

asset accountsCurrent Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification


Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2020 and Other Periods[$ millions]

Guaranteed Loan Financing Activity: Department of Agriculture: Farm Service Agency: Commodity Credit Corporation Export Fund -1 -33 -20 183 150 150 Agricultural Credit Insurance Fund -4 (**) (**) -207 -203 -207 Natural Resources Conservation Service: Agricultural Resource Conservation Demonstration Program ...... ...... ...... (**) (**) (**) Rural Housing Service: Rural Community Facility Loans (**) 1 -7 -42 -41 -41 Rural Housing Insurance Fund 10 13 41 851 854 863 Rural Business - Cooperative Service: Rural Business and Industry Loans 8 -18 -36 -157 -183 -175 Renewable Energy Guaranteed Loan Account 3 -2 -7 -50 -55 -52 Biorefinery Assistance Loan Account ...... -1 -4 -47 -49 -49 Rural Utilities Service: Rural Water and Waste Disposal Fund (**) (**) (**) -25 -25 -25 Department of Commerce: General Administration: Emergency Oil, Gas, and Steel Account ...... ...... ...... 5 5 5 Department of Defense--Military Programs ...... ...... ...... -60 -60 -60 Department of Education: Office of Student Financial Assistance: Federal Family Education Loans -40 -899 -447 23,825 22,965 22,925 Department of Energy: Title 17 Innovative Technology Loans -48 -52 2 -126 -130 -178 Department of Health and Human Services: Health Resources and Services Administration: Health Center Loans ...... ...... ...... -1 -1 -1 Health Education Assitance Loans ...... ...... ...... -70 -70 -70 Department of Housing and Urban Development: Public and Indian Housing Programs: Indian Housing Loans -1 -3 -6 -135 -137 -138 Native Hawaiian Housing Loans (**) (**) -1 -1 -1 -1 Community Planning and Development: Community Development Loans (**) (**) -1 -14 -14 -14 Housing Programs: FHA-Mutual Mortgage Insurance Loans 230 1,106 3,538 19,700 20,575 20,805 FHA-General and Special Risk Fund 210 815 1,021 -2,389 -1,785 -1,574 Home Ownership Preservation Entity Fund (**) (**) (**) -17 -17 -17 Government National Mortgage Association: Guarantees of Mortgage-Backed Securities -150 -902 -878 6,253 5,500 5,350 Department of the Interior: Bureau of Indian Affairs and Bureau of Indian Education -1 -3 -12 -46 -48 -49 Department of Transportation: Office of the Secretary: Minority Business Resource Center Fund ...... ...... ...... (**) (**) (**) Federal Highway Administration: Transportation Infrastructure Finance and Innovation Fund ...... ...... ...... (**) (**) (**) Maritime Administration: Maritime Guaranteed Loan (Title XI) Fund (**) 1 -30 -51 -49 -49 Department of the Treasury: Departmental Offices: Air Transportation Stabilization Fund ...... ...... ...... (**) (**) (**) Troubled Assets Insurance Financing Fund ...... ...... ...... (**) (**) (**) Troubled Asset Relief Program ...... (**) 1 -2 -2 -2 Department of Veterans Affairs: Veterans Benefits Administration: Veterans Housing Benefit Program Fund 2,405 2,289 3,019 -9,169 -9,285 -6,880 International Assistance Programs: Agency for International Development:

32




Classification


Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2020 and Other Periods - Continued[$ millions]

Guaranteed Loan Financing Activity: - Continued Ukraine Export Credit Insurance Fund ...... ...... ...... -1,098 -1,098 -1,098 Loan Guarantees to Israel ...... ...... ...... -1,178 -1,178 -1,178 Urban and Environmental Credit Guaranteed Loans ...... 2 2 -39 -38 -38 Microenterprise and Small Enterprise Development ...... ...... ...... (**) (**) (**) Development Credit Authority Loan Fund (**) 2 -5 -101 -99 -99 Tunisia Loan Fund ...... ...... ...... -1,325 -1,325 -1,325 Overseas Private Investment Corporation ...... 23 99 255 278 278 United States International Development Finance Corporation 7 5 ...... ...... -2 5 Small Business Administration: Business Loan Fund 992 820 438 -1,662 -1,834 -842 Independent Agencies: Export-Import Bank of the United States -4 -19 -25 -568 -583 -587 Net Activity, Guaranteed Loan Financing 3,617 3,144 6,683 32,488 32,014 35,632Direct Loan Financing Activity: Department of Agriculture: Farm Service Agency: Agricultural Credit Insurance Fund 140 206 -202 11,550 11,616 11,756 Farm Storage Facility Loans 3 40 53 819 857 859 Apple Loans Fund ...... ...... ...... (**) (**) (**) Emergency Boll Weevil Loan Fund ...... -2 -1 3 2 2 Rural Housing Service: Rural Community Facility Loans Fund -44 233 551 9,512 9,790 9,746 Rural Housing Insurance Fund -52 -288 -288 15,735 15,498 15,447 Multifamily Housing Revitalization Loan Account 9 24 8 416 431 440 Rural Business - Cooperative Service: Rural Business and Industry Loan Fund (**) (**) (**) (**) -1 -1 Rural Development Loan Fund -1 -12 -11 280 270 269 Rural Economic Development Loan Fund -1 -9 7 185 178 177 Rural Microenterprise Investment Loans (**) -1 (**) 40 39 39 Rural Utilities Service: Rural Water and Waste Disposal Loans -71 -176 -19 11,857 11,753 11,681 Rural Electrification and Telecommunications Fund 633 928 946 48,284 48,578 49,212 Rural Telephone Bank -1 -10 -10 92 83 82 Distance Learning and Telemedicine Program -9 -39 -40 560 529 521 Rural Development Insurance Fund ...... ...... ...... 1,065 1,065 1,065 Foreign Agricultural Service:

P.L. 480 Direct Loan Fund -3 -56 -57 407 354 351International Debt Reduction (**) -4 -4 -62 -66 -66

Department of Commerce: National Oceanic and Atmospheric Administration: Fisheries Finance -4 -12 -20 395 387 383 Department of Defense--Military Programs -7 -44 -15 1,714 1,677 1,669 Department of Education: Office of Postsecondary Education: College Housing and Academic Facilities Loans ...... (**) (**) 3 3 3 Historically Black College and University Capital Financing Fund 9 23 63 1,320 1,334 1,343 Office of Student Financial Assistance: Federal Direct Student Loans -2,413 13,230 23,778 1,177,207 1,192,849 1,190,437 Teach Grant Loans 3 15 9 616 627 630 Temporary Student Loan Purchase Authority -714 -3,160 -3,731 58,858 56,413 55,698 Department of Energy: Advanced Technology Vehicles Manufacturing Loans -168 -315 -273 1,548 1,400 1,232 Title 17 Innovative Technology Loans -4 828 1,628 12,737 13,569 13,565 Department of Health and Human Services: Consumer Operated and Oriented Plan ...... -9 -8 126 117 117 Consumer Operated and Oriented Plan Program Contingency Fund ...... (**) -1 55 55 55 Department of Homeland Security: Disaster Assistance Loan Fund (**) -4 1 34 30 31 Department of Housing and Urban Development:

33




Classification


Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2020 and Other Periods - Continued[$ millions]

Direct Loan Financing Activity: - Continued Housing Programs: Emergency Homeowners' Relief Fund (**) (**) (**) -1 -1 -1 FHA-Mutual Mortgage Insurance Loans ...... ...... ...... (**) (**) (**) FHA-General and Special Risk Fund 12 322 173 2,077 2,388 2,399 Green Retrofit Program for Multifamily Housing Fund (**) -3 -1 8 5 5 Department of the Interior: Bureau of Reclamation -2 -2 ...... 30 30 29 Bureau of Indian Affairs and Bureau of Indian Education (**) (**) (**) 2 2 2 Assistance to American Samoa Loan Fund ...... ...... ...... 8 8 8 Department of State: Administration of Foreign Affairs: Repatriation Loans (**) -1 -2 1 1 1 Department of Transportation: Federal Highway Administration: Transportation Infrastructure Finance and Innovation Fund 15 -4,038 306 19,332 15,279 15,294 Tiger Tifia Loan Fund ...... -1 -1 58 58 58 Federal Railroad Administration: Railroad Rehabilitation and Improvement Loan Fund -2 -38 3 1,070 1,035 1,032 Maritime Administration: Maritime Guaranteed Loan (Title XI) FFB Financing Account (**) (**) ...... ...... ...... (**) Department of the Treasury: Departmental Offices: Community Development Financial Institutions Fund 22 51 189 1,110 1,138 1,161 GSE Mortgage-Backed Securities Purchase Program ...... ...... ...... 4,613 4,613 4,613 Temporary Credit and Liquidity Program -85 -809 -261 3,644 2,920 2,835 Troubled Asset Relief Program (**) -3 9 -43 -46 -46 Small Business Lending Program ...... -3 -15 53 50 50 Bureau of the Fiscal Service ...... ...... ...... (**) (**) (**) Department of Veterans Affairs: Veterans Benefits Administration: Veterans Housing Benefit Program Fund 14 16 -16 389 391 405 Native American Veteran Housing Fund -2 -2 -2 68 68 66 Transitional Housing Loans (**) (**) (**) (**) (**) (**) Vocational Rehabilitation Loan Fund (**) (**) (**) (**) (**) (**) Environmental Protection Agency: Water Infrastructure Finance and Innovation Loan Program 1 164 (**) (**) 163 164 International Assistance Programs: International Security Assistance: Foreign Military Loan Program ...... -405 437 2,432 2,028 2,028 Military Debt Reduction ...... ...... ...... 36 36 36 Agency for International Development: International Debt Reduction ...... -26 -26 -146 -172 -172 Overseas Private Investment Corporation (**) 42 58 2,860 2,902 2,902 International Monetary Programs ...... ...... ...... -278 -278 -278 United States International Development Finance Corporation 22 -79 ...... ...... -101 -79 Small Business Administration: Business Loan Fund 2 1 -5 172 172 174 Disaster Loan Fund 42 -235 385 8,252 7,976 8,018 Independent Agencies: Export-Import Bank of the United States -352 -1,827 -1,667 13,831 12,356 12,004 Federal Communications Commission: Spectrum Auction Loan Fund ...... ...... (**) (**) (**) (**) Net Activity, Direct Loan Financing -3,008 4,510 21,928 1,414,936 1,422,455 1,419,446

net present value in accordance with the Credit Reform Act of 1990. Unreimbursedcosts such as administrative expenses and subsidy payments are reported on acash basis and included within each program's budgetary totals in Table 5.... No Transactions(**) Less than absolute value of $500,000

Note: Details may not add to totals due to rounding.Note: Federal credit programs provide benefits to the public in the form of direct loans and loan guarantees. This table reflects cash transactions and balances of the nonbudgetary financing fund accounts that result from the disbursement of loans, collection of fees, repayment of principal, sale of collateral, interest, and subsidy received from the credit program accounts at

34

Classification June July Aug. Sept.Fiscal

Year toDate

Com-parablePeriod

Prior F.Y.Oct. Nov. Dec. Jan. Feb. March April May

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2020[$ millions]

Receipts: Individual Income Taxes 126,389 105,764 152,706 216,660 69,626 98,316 769,460 723,828 Corporation Income Taxes 6,571 532 58,311 10,492 -2,041 10,390 84,254 67,987 Social Insurance and Retirement Receipts: Employment and General Retirement 86,671 93,654 102,399 117,604 97,239 107,165 604,732 572,902 Unemployment Insurance 2,757 2,596 248 3,019 2,279 296 11,195 11,617 Other Retirement 389 486 449 422 400 405 2,551 2,312 Excise Taxes 6,037 7,513 7,017 6,308 6,685 6,415 39,974 49,399 Estate and Gift Taxes 1,691 1,239 1,698 2,361 1,584 1,217 9,789 8,290 Customs Duties 7,757 6,940 6,449 6,918 6,286 4,815 39,165 34,694 Miscellaneous Receipts 7,260 6,461 6,529 8,506 5,892 7,749 42,396 36,264 Total--Receipts This Year 245,521 225,185 335,805 372,288 187,951 236,766 1,603,516 ...... (On-Budget) 181,095 155,648 259,671 281,546 112,136 153,068 1,143,164 ...... (Off-Budget) 64,426 69,537 76,135 90,742 75,815 83,698 460,353 ...... Total--Receipts Prior Year 252,692 205,961 312,584 339,980 167,265 228,811 ...... 1,507,293

(On-Budget) 190,915 139,336 242,999 253,837 95,390 149,414 ...... 1,071,891

(Off-Budget) 61,777 66,625 69,585 86,143 71,875 79,397 ...... 435,402

Outlays: Legislative Branch 504 303 586 460 385 455 2,694 2,422 Judicial Branch 713 776 677 689 631 701 4,188 3,940 Department of Agriculture: Commodity Credit Corporation 5,774 6,662 3,145 845 3,172 -75 19,522 18,370 Foreign Agricultural Service 297 147 154 170 221 125 1,115 985 Other 13,022 11,759 11,763 10,210 10,079 11,179 68,012 66,284 Department of Commerce 963 2,359 1,291 1,012 993 1,200 7,818 5,978 Department of Defense--Military Programs: Military Personnel 28,921 14,024 12,271 11,838 12,061 7,429 86,544 84,324 Operation and Maintenance 21,805 21,315 23,294 23,443 21,683 25,018 136,557 130,025 International Reconstruction and Other Assistance ...... ...... ...... ...... 2 2 3 6 Procurement 8,404 14,858 13,029 8,838 10,928 14,186 70,243 59,888 Research, Development, Test, and Evaluation 7,690 7,430 9,703 5,952 6,659 10,789 48,222 43,987 Military Construction 862 583 668 521 611 864 4,108 3,825 Family Housing 84 67 97 79 97 89 512 508 Revolving and Management Funds 258 1,241 981 -92 551 -317 2,621 3,564 Other 209 556 -1,000 -224 30 -204 -633 -601 Total Department of Defense--Military Programs 68,233 60,073 59,042 50,354 52,622 57,855 348,178 325,525 Department of Education 8,094 4,772 4,785 9,839 9,295 6,366 43,152 40,685 Department of Energy 3,109 2,639 2,226 2,830 2,348 2,876 16,027 13,634 Department of Health and Human Services: National Institutes of Health 3,179 3,110 3,002 2,932 3,059 3,240 18,522 17,424 Centers for Medicare and Medicaid Services: Grants to States for Medicaid 34,777 33,243 32,932 34,760 37,235 34,664 207,610 197,951 Federal Hospital Insurance Trust Fund 27,210 35,953 18,135 39,218 27,307 19,671 167,495 158,040 Federal Supplementary Medical Insurance Trust Fund 38,895 57,493 19,585 59,190 35,558 19,186 229,907 214,238 Other 34,196 30,045 30,051 38,169 31,681 30,456 194,598 183,297 Administration for Children and Families 4,848 5,527 4,594 4,908 4,637 5,255 29,768 27,582 Other -37,714 -33,291 -36,428 -44,759 -37,500 -38,945 -228,638 -215,041 Department of Homeland Security 4,884 5,053 5,450 4,563 4,299 4,776 29,025 29,625 Department of Housing and Urban Development 3,836 3,798 4,056 3,667 3,753 4,452 23,562 22,504 Department of the Interior 1,251 900 1,467 1,255 856 1,632 7,362 6,551 Department of Justice 3,135 2,778 3,024 3,671 364 3,534 16,507 17,129 Department of Labor: Unemployment Trust Fund 2,285 2,079 2,941 3,407 3,090 4,659 18,461 16,838 Other -5,653 1,278 2,206 1,475 265 990 561 150 Department of State 2,251 3,377 2,733 2,411 2,213 2,760 15,745 14,114 Department of Transportation: Highway Trust Fund 4,742 3,683 3,153 2,528 2,998 3,345 20,450 18,659 Other 2,728 2,810 3,380 2,915 4,007 2,927 18,767 16,304 Department of the Treasury: Interest on Treasury Debt Securities (Gross) 30,319 35,643 94,225 33,903 34,891 40,471 269,452 259,687

35

Classification June July Aug. Sept.Fiscal

Year toDate

Com-parablePeriod

Prior F.Y.Oct. Nov. Dec. Jan. Feb. March April May

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2020 - Continued[$ millions]

Outlays: - Continued Other 8,903 6,937 9,272 6,375 60,060 22,626 114,172 98,637 Department of Veterans Affairs: Compensation and Pensions 8,604 16,622 8,841 8,955 9,627 1,006 53,655 48,758 National Service Life 54 49 37 63 43 58 305 339 Other 8,937 10,481 8,136 8,964 8,128 6,230 50,876 47,535 Corps of Engineers 710 684 785 731 663 795 4,368 3,429 Other Defense Civil Programs 5,354 10,121 5,360 6,191 5,026 515 32,567 32,599 Environmental Protection Agency 831 829 777 826 707 690 4,661 4,415 Executive Office of the President 33 33 33 32 32 33 196 195 General Services Administration 46 -54 -17 -27 400 -3 345 -548 International Assistance Programs: International Security Assistance 513 2,093 1,100 3,526 426 505 8,162 8,244 Multilateral Assistance (**) 1 235 46 3 1,489 1,774 309 Agency for International Development 1,095 816 626 457 728 730 4,452 3,540 Other -176 -564 -2,667 -1,540 285 2,649 -2,014 -5,494 National Aeronautics and Space Administration 1,715 1,793 2,346 1,318 1,489 1,864 10,524 9,740 National Science Foundation 679 595 549 578 535 538 3,474 3,358 Office of Personnel Management 9,587 8,470 8,102 9,445 9,062 8,988 53,654 50,851 Small Business Administration 81 81 104 85 102 -1,056 -603 -96 Social Security Administration: Federal Old-Age and Survivors Insurance Trust Fund (Off-Budget) 76,709 76,640 76,503 78,344 78,476 79,020 465,692 438,531 Federal Disability Insurance Trust Fund (Off-Budget) 12,285 12,259 11,774 12,402 12,262 12,540 73,523 73,492 Other 4,688 9,303 4,896 4,820 4,896 309 28,912 28,404 Independent Agencies: Deposit Insurance Fund 367 124 -989 266 -631 -1,312 -2,175 -4,391 FSLIC Resolution Fund -2 -1 -2 -1 -1 (**) -8 -10 Postal Service: Off-Budget: Public Enterprise Funds 545 788 -690 -696 -91 -459 -603 -824 Other 38 20 1 208 ...... ...... 267 265 Other ...... ...... ...... 57 ...... ...... 57 55 Tennessee Valley Authority -188 -95 36 -180 -302 428 -301 -692 Other 2,399 2,532 2,658 2,105 3,428 4,115 17,238 18,221 Undistributed Offsetting Receipts: Employer Share, Employee Retirement -22,480 -7,025 -7,112 -6,895 -6,741 -6,760 -57,012 -52,372 Interest Received by Trust Funds 3,223 -2,183 -59,103 -1,716 -3,729 -2,767 -66,275 -66,491 Rents and Royalties on the Outer Continental Shelf Lands -441 -295 -672 -480 -115 -631 -2,634 -3,253 Other (**) (**) (**) (**) (**) (**) -1 -1,155 Totals This Year: Total Outlays 379,988 434,024 349,091 404,883 423,229 355,891 2,347,107 ...... (On-Budget) 300,962 345,901 302,065 326,440 334,290 266,547 1,876,205 ...... (Off-Budget) 79,026 88,122 47,026 78,443 88,939 89,344 470,901 ...... Total-Surplus (+) or Deficit (-) -134,467 -208,838 -13,286 -32,595 -235,278 -119,125 -743,590 ...... (On-Budget) -119,867 -190,253 -42,394 -44,894 -222,155 -113,479 -733,041 ...... (Off-Budget) -14,600 -18,585 29,108 12,299 -13,124 -5,646 -10,549 ...... Total Borrowing from the Public 159,836 125,462 65,767 41,898 200,119 267,964 861,047 443,414 Total-Outlays Prior Year 353,183 410,864 326,123 331,299 401,243 375,756 ...... 2,198,468

(On-Budget) 279,122 328,697 284,536 256,096 316,103 290,478 ...... 1,755,032

(Off-Budget) 74,061 82,166 41,588 75,203 85,140 85,278 ...... 443,435

Total-Surplus (+) or Deficit (-) Prior Year -100,491 -204,903 -13,539 8,681 -233,977 -146,945 ...... -691,174

(On-Budget) -88,207 -189,361 -41,537 -2,259 -220,713 -141,064 ...... -683,141

(Off-Budget) -12,284 -15,541 27,997 10,940 -13,265 -5,881 ...... -8,034

Note: Details may not add to totals due to rounding. (**) Less than absolute value of $500,000... No Transactions

36

This Month

ExcessBeginning of

This Year This MonthClose of

This Month

Fiscal Year to Date Securities Held as InvestmentsCurrent Fiscal Year

Classification

Receipts Outlays Excess Receipts Outlays

Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of March 31, 2020[$ millions]

Trust Receipts, Outlays, and Investments Held: Airport and Airway 1,293 1,104 189 9,602 8,751 851 15,018 15,796 15,947 Black Lung Disability 24 24 (**) 102 106 -4 ...... ...... ...... Federal Disability Insurance 12,447 12,540 -93 70,540 73,523 -2,983 96,520 93,582 93,627 Federal Employees Life and Health ...... -24 24 ...... 536 -536 76,001 75,371 75,394 Federal Employees Retirement 3,374 7,642 -4,268 34,531 45,910 -11,380 960,338 953,231 948,957 Federal Hospital Insurance 25,977 19,801 6,176 158,747 168,375 -9,628 ...... ...... ...... Federal Old-Age and Survivors Insurance 73,008 79,020 -6,012 457,790 465,692 -7,902 2,804,396 2,802,598 2,796,581 Federal Supplementary Medical Insurance 40,081 19,186 20,895 240,163 229,907 10,256 104,716 95,640 116,046 Hazardous Substance Superfund 81 162 -81 1,268 767 501 5,251 5,834 5,696 Highways 3,229 4,185 -956 20,100 25,825 -5,726 28,192 24,754 24,079 Military Advances 1,053 3,564 -2,511 20,457 17,912 2,544 ...... ...... ...... Military Retirement 4,357 445 3,912 118,543 31,002 87,541 827,414 920,221 924,484 Railroad Retirement -400 1,303 -1,704 4,680 7,756 -3,076 2,606 2,303 2,341 Unemployment 1,329 4,673 -3,344 13,398 18,543 -5,145 84,361 82,797 78,585 Veterans Life Insurance 3 77 -74 64 395 -331 3,815 3,563 3,486 All Other Trust 401 517 -116 3,483 2,859 624 237,286 221,053 228,072 Total Trust Fund Receipts and Outlays and Investments Held from Table 6-D 166,255 154,219 12,036 1,153,467 1,097,860 55,607 5,245,914 5,296,745 5,313,296 Less: Interfund Transactions 53,450 53,450 ...... 503,761 503,761 ...... ...... ...... ...... Trust Fund Receipts and Outlays on the Basis of Tables 4 & 5 112,805 100,769 12,036 649,706 594,099 55,607Total Federal Fund Receipts and Outlays 124,012 255,173 -131,161 954,120 1,753,317 -799,197 Less: Interfund Transactions 51 51 ...... 309 309 ...... Federal Fund Receipts and Outlays on the Basis of Table 4 & 5 123,961 255,122 -131,161 953,811 1,753,008 -799,197Net Budget Receipts & Outlays 236,766 355,891 -119,125 1,603,516 2,347,107 -743,590

Note: Details may not add to totals due to rounding. against budget outlays. In this table, Interfund receipts are shown as anNote: Interfund receipts and outlays are transactions between Federal funds and adjustment to arrive at total receipts and outlays of trust funds respectively.trust funds such as Federal payments and contributions, and interest and profits ... No Transactionson investments in Federal securities. They have no net effect on overall budget (**) Less than absolute value of $500,000receipts and outlays since the receipt side of such transactions is offset

37

Classification This Month Fiscal Yearto Date

Comparable PeriodPrior Fiscal Year

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, March 2020 and Other Periods[$ millions]

Receipts Individual Income Taxes 98,316 769,460 723,828 Corporation Income Taxes 10,390 84,254 67,987 Social Insurance and Retirement Receipts: Employment and General Retirement 107,165 604,732 572,902 Unemployment Insurance 296 11,195 11,617 Other Retirement 405 2,551 2,312 Excise Taxes 6,415 39,974 49,399 Estate and Gift Taxes 1,217 9,789 8,290 Customs Duties 4,815 39,165 34,694 Miscellaneous Receipts 7,749 42,396 36,264 Total 236,766 1,603,516 1,507,293Net Outlays National Defense 61,607 366,226 341,964 International Affairs 8,249 29,018 21,421 General Science, Space, and Technology 2,782 16,689 15,605 Energy 1,259 3,345 317 Natural Resources and Environment 3,705 21,381 18,050 Agriculture 1,326 30,846 30,044 Commerce and Housing Credit -3,564 7,320 -11,788 Transportation 7,175 47,179 42,954 Community and Regional Development 3,169 13,902 15,913 Education, Training, Employment, and Social Services 9,607 60,046 56,281 Health 50,048 300,405 285,497 Medicare 25,131 329,733 309,479 Income Security 46,533 293,874 289,949 Social Security 91,485 539,111 511,952 Veterans Benefits and Services 7,185 104,965 96,793 Administration of Justice 6,013 34,846 32,680 General Government 3,793 8,391 7,845 Net Interest 37,780 199,476 190,292 Undistributed Offsetting Receipts -7,391 -59,646 -56,780 Total 355,891 2,347,107 2,198,468

Note: Details may not add to totals due to rounding.

38

Explanatory Notes 1. Flow of Data into Monthly Treasury Statement

The Monthly Treasury Statement (MTS) is assembled from data in the central accounting system. The major sources of data include monthly accounting reports by Federal entities and disbursing officers, and daily reports from the Federal Reserve banks. These reports detail accounting transactions affecting receipts and outlays of the Federal Government and off-budget Federal entities, and their related effect on the assets and liabilities of the U.S. Government. Information is presented in the MTS on a modified cash basis.

2. Notes on Receipts Receipts included in the report are classified into the following major

categories: (1) budget receipts and (2) offsetting collections (also called applicable receipts). Budget receipts are collections from the public that result from the exercise of the Government's sovereign or governmental powers, excluding receipts offset against outlays. These collections, also called governmental receipts, consist mainly of tax receipts (including social insurance taxes), receipts from court fines, certain licenses, and deposits of earnings by the Federal Reserve System. Refunds of receipts are treated as deductions from gross receipts.

Offsetting collections are from other Government accounts or the public that are of a business-type or market-oriented nature. They are classified into two major categories: (1) offsetting collections credited to appropriations or fund accounts, and (2) offsetting receipts (i.e., amounts deposited in receipt accounts). Collections credited to appropriation or fund accounts normally can be used without appropriation action by Congress. These occur in two instances: (1) when authorized by law, amounts collected for materials or services are treated as reimbursements to appropriations and (2) in the three types of revolving funds (public enterprise, intra governmental, and trust); collections are netted against spending, and outlays are reported as the net amount.

Offsetting receipts in receipt accounts cannot be used without being appropriated. They are subdivided into two categories: (1) proprietary receipts - these collections are from the public and they are offset against outlays by agency and by function, and (2) intra governmental funds - these are payments into receipt accounts from Governmental appropriation or fund accounts. The transactions may be intrabudgetary when the payment and receipt both occur within the budget or from receipts from off-budget Federal entities in those cases where payment is made by a Federal entity whose budget authority and outlays are excluded from the budget totals.

Intrabudgetary transactions are subdivided into three categories: (1) interfund transactions, where the payments are from one fund group (either Federal funds or trust funds) to a receipt account in the other fund group; (2) Federal intrafund transactions, where the payments and receipts both occur within the Federal fund group; and (3) trust intrafund transactions, where the payments and receipts both occur within the trust fund group.

Offsetting receipts are generally deducted from budget authority and outlays by function, by subfunction, or by agency. There are four types of receipts, however, that are deducted from budget totals as undistributed offsetting receipts. They are: (1) agencies' payments (including payments by off-budget Federal entities) as employers into employees retirement funds, (2) interest received by trust funds, (3) rents and royalties on the Outer Continental Shelf lands, and (4) other interest (i.e., interest collected on Outer Continental Shelf money in deposit funds when such money is transferred into the budget).

3. Notes on OutlaysOutlays are generally accounted for on the basis of checks issued,

electronic funds transferred, or cash payments made. Certain outlays do not require issuance of cash or checks. An example is charges made against appropriations for that part of employees' salaries withheld for taxes or savings bond allotments - these are counted as payments to the employee and credits for whatever purpose the money was withheld. Outlays are stated net of offsetting collections (including receipts of revolving and management funds) and of refunds. Interest on the public debt (public issues) is recognized on the accrual basis. Federal credit programs subject to the Federal Credit Reform Act of 1990 use the cash

basis of accounting and are divided into two components. The portion of the credit activities that involve a cost to the Government (mainly subsidies) is included within the budget program accounts. The remaining portion of the credit activities are in non-budget financing accounts. Outlays of off-budget Federal entities are excluded by law from budget totals. However, they are shown separately and combined with the on- budget outlays to display total Federal outlays.

4. ProcessingThe data on payments and collections are reported by account symbol

into the central accounting system. In turn, the data are extracted from this system for use in the preparation of the MTS.

There are two major checks which are conducted to assure consistency of the data reported: 1. Verification of payment data. The monthly payment activity reported by Federal entities on the Statements of Transactions is compared to thepayment activity of Federal entities as reported by disbursing officers.2. Verification of collection data. Reported collections appearing on Statements of Transactions are compared to deposits as reported by Federal Reserve Banks.

5. Other Sources of Information About Federal Government FinancialActivities

A Glossary of Terms Used in the Federal Budget Process, 2005 (Available from the U.S. Government Accountability Office, at calling 202-512-6000. This glossary provides a basic reference document of standardized definitions of terms used by the Federal Government in the budget making process).

Daily Treasury Statement (Available on the internet at http://www.fms.treas.gov/dts/). The Daily Treasury Statement is published each working day of the Federal Government and provides data on the cash and debt operations of the Treasury.

Monthly Statement of the Public Debt of the United States (Available on the internet at http://www.treasurydirect.gov/govt/reports/pd/ mspd/mspd.htm). This publication provides detailed information concerning the public debt.

Treasury Bulletin (Available from GPO, Washington, D.C. 20401 on a subscription or single copy and on the internet at http://www.fiscal.treasury.gov/fsreports/rpt/treasBulletin/treasBulle tin_home.htm). Quarterly, contains a mix of narrative, tables, and charts on Treasury issues, Federal financial operations, international statistics, and special reports.

Budget of the United States Government, Fiscal Year 20__ (Available from GPO, Washington, D.C. 20401 on a subscription basis only and on the internet at http://www.access.gpo.gov/usbudget). This publication is a single volume which provides budget information and contains:

- Appendix, The Budget of the United States Government, FY 20- The United States Budget in Brief, FY 20 - Analytical Perspectives - Historical Tables

Combined Statement of Receipts, Outlays, and Balances of the United States Government (Available from Bureau of the Fiscal Service, U.S. Department of Treasury, Washington, D.C. 20227 and on the internet at http://www.fiscal.treasury.gov/fsreports/rpt/ combStmt/combStmt_home.htm). This report includes budgetary results at the summary level and presents individual receipt and appropriation accounts at the detail level.

39

Scheduled Release

The release date for the 20 Statement

will be 2:00 p.m. EST 20 .

Internet service subscribers can access the current issue of the Monthly Treasury Statement through theBureau of the Fiscal Service’s website:

http://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mthTreasStmt_home.htm

monthly treasury statement - fiscal.treasury.govof the fiscal service, department of the treasury...

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